Hartford Steam Boiler CEO Douglas G. Elliot has resigned and accepted a senior-level executive post at Hartford Financial Services Group.
The 50-year-old has been named president of The Hartford’s commercial markets group, a position he will start April 6.
Elliot is currently president and CEO of HSB Group, Inc., commonly referred to as Hartford Steam Boiler and a subsidiary of Munich Re.
“Doug brings a strong combination of commercial property and casualty insurance experience, industry knowledge, and business and financial acumen to this important role at The Hartford,” said Liam E. McGee, chairman, president and chief executive officer of The Hartford. “We are charging Doug with driving profitable growth in Commercial Markets and bringing the full power of our One Hartford approach to bear in the markets where we compete. He is an excellent leader with a proven track record, and I am pleased to welcome him to the team.”
Munich Re, which paid $742 million for HSB in 2009, said Elliot resigned, effective Monday, to pursue “other business interests.”
Elliot’s interim successor at HSB Group is Anthony J. Kuczinski, president and CEO of Munich Reinsurance America Inc., who heads Munich Re’s property and casualty operations in the U.S.
