Succession planning helps ensure that businesses can continue to operate smoothly and without interruption, maintaining stability within an organization when a senior leader leaves.
In September, The Hartford Financial Services Group Inc. announced a series of management changes set in motion by the Dec. 31 retirement of longtime CEO Doug Elliott.
Mr. Elliot had been CEO of The Hartford since July 2014, overseeing the integration of Navigators Group Inc., the global specialty insurer it acquired in 2019. He joined the company in April 2011 as president of commercial markets.
A. Morris “Mo” Tooker, formerly head of mid-sized and large commercial, was promoted to an expanded role that expanded responsibility for global specialty and sales and distribution, reporting directly to Hartford chairman and CEO Christopher Swift.
Hartford also announced that Stephanie Bush, head of small commercial and personal lines, and Ross Fisher, global chief underwriting officer, would report to Mr. Swift.
The Hartford leadership restructuring story was the second most read risk management related story about Business insurances website 2022.
In November, Hartford appointed Tracey Ant as head of mid-sized and large commercial business units, effective January 1
.In his newly created role, Ant will oversee all medium and large commercial business units across multiple industries, including construction, major real estate, real estate, life sciences, technology, energy and marine, Hartford said.
Ant, who won the 2006 Business Insurance Women to Watch, continues to report to Mr. Tooker.
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