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The Hartford Insurance Group squashed speculation that last week’s $2.5 billion cash infusion by Allianz AG–owner of Fireman’s Fund–in return for a stake in the firm is a prelude to a takeover.

“Allianz’s capital injection is an investment,” Tom Marra, Hartford’s president and chief operating officer, told NU in a phone interview. “They will have no board seats, no management oversight. They are an investor.”

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