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Forethought Financial Group, Inc. to purchase product, distribution and marketing arm of The Hartford’s U.S. annuity operation

The Hartford has signed an agreement with Forethought, a Houston-based privately held diversified financial services company, under which Forethought will purchase The Hartford’s Individual Annuity new business capabilities, consisting of the product management, distribution and marketing units, as well as the suite of products currently being sold. The terms of the agreement were not disclosed, but are not considered material to The Hartford’s operations or financial results.

View the full press release here