NU Online News Service, Feb. 15, 12:34 p.m. EST
Hedge fund manager John Paulson Tuesday increased the pressure on Hartford Insurance Group to break itself up into separate property and casualty and life businesses by taking the case directly to Hartford shareholders.
In his letter to CEO Liam McGee, filed with the SEC, Paulson contends that a spin-off would benefit both the company and its shareholders. The SEC filing included a presentation with charts and graphs outlining the proposed benefit of spinning off the P&C businesses.
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