The Phoenix Cos. Inc.

Two large policyholders are demanding financial disclosures and relief from premium payments as the state moves toward liquidating a Hartford-based insurer after rehabilitation efforts collapsed.

State regulators say PHL’s finances are too impaired for a traditional rescue, pointing instead to liquidation backed by guaranty funds as they weigh potential lawsuits.

Hartford-based PHL Variable Insurance entered rehabilitation with a $2.2B deficit, leaving longtime policyholders facing potential coverage losses.

Hartford insurer Nassau Re says it's launched another private credit unit under its asset management segment.

Hartford insurer Nassau Re says it has raised $200 million in new capital to expand its fixed annuity and life insurance businesses. It will also initiate a rebranding that will eliminate the Phoenix Cos. name.

Hartford insurer The Phoenix Cos. Inc. has a new logo, one incorporating the signature lighthouse of its New York parent's brand.

The Connecticut Insurance Department lacks the legal standing to require Aetna Inc. to retain its state headquarters after its acquisition of Kentucky's Humana Inc.

The MetroHartford Alliance board of directors will have a new chair come April 1 when Joe Savage, executive vice chairman of Webster Financial Corp. and Webster Bank, takes over the top spot.

Bonnie Malley, the chief financial officer of life insurer The Phoenix Cos., is resigning to take over as chief operating officer of the city of Hartford, company and city officials announced late Friday.

Hartford mayor-elect Luke Bronin has announced the parameters of his transition process and has established personnel, financial review and audit committees, as well as five policy working groups.