Davis Polk advised the representatives of the several underwriters on the offering by The Hartford Financial Services Group, Inc. of $345 million of depositary shares, each representing a 1/1,000th interest in a share of 6.000% non-cumulative preferred stock.
The Hartford is among the largest providers of property and casualty insurance, group life and disability products and mutual funds and exchange-traded products in the United States.
The Davis Polk corporate team included partner Joseph A. Hall and associates Rahim Manji and Win Rutherfurd. Partner Mario J. Verdolini and associate Danielle Rapaccioli provided tax advice. Counsel Charles Shi provided executive compensation advice. All members of the Davis Polk team are based in the New York office.