The Hartford has recently entered into an agreement to sell its U.K. based property & casualty run-off subsidiaries, Downlands Liability Management Limited (DLM) and Hartford Financial Products International Limited (HFPI), to Catalina Holdings UK Limited (Catalina). This transaction is not expected to result in a material gain or loss, net of tax effects, on The Hartford’s financial results. The sale is expected to close in last quarter of 2016, subject to regulatory approvals and other closing conditions.
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