The Hartford Names Beth Bombara to Head Life Runoff Business

The Hartford (Hartford) has promoted Beth Bombara, senior VPand corporate controller to president of Life runoff. In her new role, Bombara will be responsible for managing the Hartford Life's Other Operations reporting segment, which includes the legacy annuity business that is in runoff. She will report directly to chairman, president and CEO Liam McGee and will also serve on the company's executive leadership team.

"Beth has played an integral leadership role at The Hartford and been deeply involved in developing the strategic plan," comments McGee. "She also has a comprehensive understanding of the opportunities and challenges of the legacy annuity business and is well-positioned to take on this critical role for the organization. Reducing the size and risk of this business is an important part of our overall strategic plan to focus on the property and casualty, group benefits and mutual funds businesses and deliver greater value to shareholders."

In her prior role, Bombara oversaw corporate accounting and policy and Wealth Management finance, and led The Hartford's finance transformation program, according to a company statement. She joined The Hartford in April 2004 and previously served as vice president responsible for the company's compliance with the internal control requirements under Section 404 of the Sarbanes-Oxley Act. She was promoted to vice president and deputy controller in 2005. In 2007 she was promoted to senior vice president and controller. Prior to joining The Hartford, Bombara was a senior manager in Deloitte & Touche LLP's audit practice and was a partner at Arthur Andersen LLP.

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio