Liam E. McGee, the chief executive of The Hartford says surgeryto remove a tumor on his brain was successful and he is returningto work today.

|

The chairman, president and CEO of the Hartford, Conn.-basedinsurer released a statement Friday after the markets closedrevealing the surgery.

|

McGee says a small tumor “in an easily accessible location onthe brain” was operated on and post-surgical tests confirm that theentire tumor was removed. He says there were no symptoms prior tosurgery, but provided no additional details.

|

“The good news is that the tumor was identified early and theprocedure went well,” he says in a statement. “I am feeling great,as well as quite fortunate. I have no side effects from the surgeryor the tumor itself. I have been working from home and will be backin the office on Monday, fully preforming my normal duties. In anabundance of caution, the doctors and I have agreed on a low-dosechemotherapy and radiation treatment and we expect minimal sideeffects.”

|

In the same statement, Thomas A. Renyi, presiding director ofThe Hartford says McGee kept the board informed of events and theboard was supportive of the chief executive.

|

In a letter to employees, McGee says the surgery took place overthe holidays adding that he was surprised to learn of thetumor.

|

A company spokesperson says McGee learned about the tumor aftervisiting the doctor on an unrelated matter. He continued to performhis duties as CEO during the period of his medical treatment.

|

The spokesperson says McGee is still planning to attend theJoint Industry Forum in New York on Tuesday.

|

Under McGee the company has restructured its business withgreater emphasis on its property and casualty lines.

|

In September, the company sold off its Hartford FinancialServices Group's individual life business to Prudential Financialfor $615 million. It was one in a series of sales where the companyhas exited some aspects of the financial services business. InJuly, it sold off its Woodbury Financial Services to AmericanInternational Group and its retirement plans business toMassachusetts Mutual Life Insurance Co. in September.

|

Moody's Investor Service says the sales allow the company to focus on other more important linessuch as P&C, group benefits and mutual funds.

|

On what was proving to be a down day for the stock marketsoverall, The Hartford's shares were down 27 cents by mid-day andclosed down 8 cents a share on the day at $23.82.

|

Before joining the Hartford, McGee, 57, was president of Bank ofAmerica Consumer and Small Business Bank.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.