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Member, Beacon International Group, Ltd.
The Hartford Financial Services Group Inc. on Thursday said it has expanded its insurance capabilities for the international risks of U.S. businesses, teaming with Paris-based Axa Corporate Solutions S.A. to offer local insurance coverage in up to 150 countries through Axa’s international network.
The products include: The Hartford Exporters Package Policy, which is designed for U.S. businesses that are engaged in international commerce but do not have permanent employees or physical worksites overseas; The Hartford’s new Master Policy, which is designed for U.S. businesses that have a physical presence in one or more locations abroad; and The Hartford’s new Controlled Master Program, which packages The Hartford’s Master Policy with local policies offered through Axa Corporate Solutions’ network in a single coordinated insurance program for a U.S. company’s international risks.
The Master Policy and Controlled Master Program will be available later in 2016, The Hartford said in a statement.
“As more U.S. companies pursue global growth opportunities, we continue to expand The Hartford’s capabilities, expertise and geographic reach to be our customers’ first choice for comprehensive global insurance protection,” David Carter, Hartford, Connecticut-based executive vice president of The Hartford’s middle market business, said in the statement. “This alliance with Axa Corporate Solutions builds on our existing international capabilities with local coverage and risk expertise where our customers need it.”