Hartford Receives $1.12 Billion to End NICO Reinsurance Agreement
Filed with the SEC on · Summarized by InvestorsBot
On September 23, 2026, Hartford Fire Insurance Company and affiliates agreed with National Indemnity Company, a Berkshire Hathaway subsidiary, to terminate their asbestos and environmental adverse development reinsurance agreement dating to December 31, 2016, also resolving a related arbitration. Hartford received $1.12 billion in cash on September 25, triggering the agreement’s termination and releasing both parties from related liabilities and obligations.