The Hartford Commutes National Indemnity Adverse Development Cover, Receives $1.12 Billion; $497M Gain

The Hartford terminated its Aggregate Excess of Loss Reinsurance Agreement with National Indemnity through a Reinsurance Commutation and Release Agreement. The commutation became effective on Sep 25 2026 upon The Hartford’s receipt of $1.12 billion in cash and resolves an ongoing arbitration betwee…