Posted on 03 Jun 2009
The Hartford Financial Services Group, Inc. announced that Sean Fitzpatrick, senior vice president of its Middle Market insurance businesses, will assume responsibility for the company's Specialty Financial insurance businesses - Hartford Financial Products and Bond. Fitzpatrick will continue to lead the Middle Market insurance segment as he takes on these additional responsibilities.
Specialty Financial is a strong contributor to The Hartford's property and casualty business. In fact, it is one of the largest providers of Directors & Officers (D&O), Employment Practices Liability (EPL), Errors & Omissions (E&O), crime and surety insurance in the nation. Specializing in writing coverage for both private and public entities, this group also offers targeted programs for financial services, technology, real estate operating companies, venture capital-backed companies and more. The group is made up of a dedicated and talented team of underwriting professionals focused on serving the needs of our customers.
"We are deeply committed to remaining a strong competitor in these businesses, and they remain a core component of the P&C Company's ongoing strategy. Sean is a strong and knowledgeable leader who will build on David's successes, and together with our outstanding group of specialty financial underwriters, will continue our focus on profitable growth, while providing excellent service to our customers," said Juan Andrade, executive vice president and interim co-leader of The Hartford's property and casualty operations.
"We are pleased to have someone as widely respected and capable as Sean to assume leadership of our Specialty Financial practice," added Andrade. "With a career spanning more than 20 years in insurance, Sean is an executive with the expertise and experience necessary for our financial products and bond businesses to continue to grow in this complex, competitive and ever-changing environment."
Prior to joining The Hartford in 2007, Fitzpatrick held positions of increasing responsibility with the Chubb Group of Insurance Companies. His tenure at Chubb included leading the development of a number of industry-focused businesses, managing one of Chubb's largest regional offices, and serving as chief underwriting officer of the company's specialty division, Chubb Specialty Insurance.
Fitzpatrick replaces David McElroy, who is retiring after nine years at The Hartford. "David was a driving force behind growing Specialty Financial into a highly profitable operation with strong underwriting discipline," said Andrade. "His experience and foresight have enabled Specialty Financial to maintain a leading position in this very competitive marketplace."
Fitzpatrick received a J.D. from Harvard Law School and a B.A. from Amherst College.