Hartford Financial Services Group Inc.’s $46 million repurchase of the Simsbury headquarters of its Hartford Life operations leaves tax coffers for the town and the state a bit fuller.
The town of Simsbury collected $115,000 in real estate conveyance taxes from the sale, while the state received $460,000 in levies, said The Hartford spokesman David Cook.
The Hartford originally owned the E-shaped, 602,733-square-foot office building on 166 acres at 200 Hopmeadow St., but sold it in the mid-80s.
The decision to buy it back coincided with the relocation of about 800 Hartford Life employees from Southington to the Simsbury campus, where its lease was about to expire, Cook said.
“We’re making a commitment to the area,’’ he said.
In all, The Hartford has around 2,700 workers in Simsbury — nearly two-thirds of whom are assigned to the life insurance operation, he said.
Another 2,300 Hartford Life employees are at its Windsor campus at One Griffin Road North, which opened in 2009.
Cook said there are no plans to move The Hartford’s corporate headquarters from mid-town Hartford. (GREGORY SEAY)
The Hartford’s Board Rewards New CEO
The Hartford Financial Services Group’s recently appointed chairman and chief executive is adding another title.
Liam McGee, who took over the insurer’s top spot in October, was recently named president of The Hartford by the board of directors.
“In his first three months on the job, we have been impressed with Liam’s leadership of The Hartford,” said Michael G. Morris, the presiding director of The Hartford’s board of directors. “The additional title of president is in recognition of his work to date and our expectations of the future he and his team are building for The Hartford. ‘‘“As the company enters its third century, we are confident that The Hartford is on the right track towards profitable growth and delivering value to our shareholders.”
