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The Hartford adds former AssuredPartners CEO Randy Larsen to board
Larsen will join the Finance, Investment and Risk Management and Nominating and Corporate Governance committees effective September 1, as Hartford reported Q1 2026 net income up 36% year over year.
The Hartford Financial Services Group has named Randy Larsen, the former chief executive of AssuredPartners, to its board of directors effective September 1, according to Insurance Business. Larsen will serve on the Finance, Investment and Risk Management Committee and the Nominating and Corporate Governance Committee.
Insurance Business reports that Larsen brings 13 years of experience at AssuredPartners, including serving as CEO from 2023 until Gallagher acquired the firm in 2025. Before that, he held senior operational roles within the brokerage, and earlier in his career he worked at Schifman Remley & Associates, which AssuredPartners acquired in 2012.
The appointment comes as Hartford operates in a commercial insurance market where digital platforms and managing general agents have increased pressure on traditional distribution channels, Insurance Business said. Hartford also declared a quarterly cash dividend of $0.60 per share of common stock, payable October 2 to shareholders of record as of September 1.
Hartford reported net income available to common stockholders of $851 million for the first quarter of 2026, up 36% year over year, and returned $617 million to stockholders during the quarter, Insurance Business added. The company said it included $450 million in share repurchases and $167 million in dividends paid, and it also declared a dividend on its Series G preferred stock.