Hartford Financial Services Group Inc., the insurer that repaid a $3.4bn US bailout in March, is “opportunistically” selling some commercial mortgage assets as the market improves, said CEO Liam McGee. “We’re doing some of that,” McGee said today in an interview at the New York Stock Exchange. “Our view is that the commercial market is beginning to bottom out. We’ve been opportunistic in disposing of some commercial real estate assets at prices that were very attractive and better than we had marked them.”
Hartford sells mortgage assets as valuations improve
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