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Executive vice president and chief financial officer
The Hartford Financial Services Group Inc., Hartford
For Beth Bombara, chief financial officer of The Hartford Financial Services Group Inc., teamwork is key.
She oversaw the runoff of Hartford's legacy annuity liabilities, creating teams to carry out the work, which involved very complicated transactions — something about which she feels “very good.”
Ms. Bombara was named Hartford's CFO earlier this year. She joined the company in 2004 after working as a certified public accountant, and many clients were involved in insurance, she said.
“As my career progressed, I gravitated toward the industry for a variety of reasons,” she says. “First of all, I think it's an industry that continues to grow and to innovate. There's always opportunity to do things differently. We feel tremendous pride in the service we provide to our clients.”
At Hartford, where Ms. Bombara was appointed president of the company's Talcott Resolution runoff operation in 2012, she oversaw expanding the Japanese variable annuity hedging program, which contributed to the company's announcement last year that Talcott Resolution was capital self-sufficient. Earlier this year, Hartford sold both its Japanese and U.K. variable annuity businesses, bringing the company considerably closer to the strategic objectives to focus on core businesses that it set out in 2012.
“Beth's leadership is defined by effective and informed decision-making,” said Hartford CEO Christopher Swift in an email. “She collaborates with others to understand options and moves quickly to identify and execute on solutions.”
“It comes down to people first and foremost,” said Ms. Bombara. “I really enjoy the people I work with — I think we are a tremendous team ... The power of many cannot be underestimated.”
By Mark A. Hofmann