The Hartford Appoints New CEO Of European Operations

Marc Lieberman, who assumes his new leadership position today, replaces Michael Kalen, who is returning to the United States as senior vice president of finance. Kalen will remain in Europe until Sept. 1 to help ensure a smooth transition.

As CEO of Hartford Life Limited, Lieberman will be responsible for strategic direction, general management, and profit and loss. Hartford Life Limited, which started operating in the U.K. in 2005, has its European headquarters in Ireland and offers retirement savings and income products in the U.K. Lieberman will report to Peter Smyth, executive vice president of The Hartford's International Markets Group. Smyth is located in Simsbury, Conn., The Hartford's global headquarters for its life operations.

"Marc brings a wealth of international management expertise to his new role and I am confident that he will continue The Hartford's momentum in the U.K.," Smyth said. "Marc brings an international perspective to the European role which will be invaluable to The Hartford as we look to continue building our U.K. business and expanding our operations in a dynamic and growing market."

Lieberman was formerly CEO of ING New Zealand, where he was responsible for leading New Zealand's largest non-bank financial services company. Prior to ING, he held senior executive positions at Constellation and Wachovia. He was managing director at Constellation, a New York-based specialty finance company serving mutual fund and annuity companies. While at Wachovia, one of the largest banking and brokerage firms in the U.S., Lieberman was a senior director of the firm's capital markets, investment management group, investment banking and structured finance.

Lieberman, who has a bachelor's degree in business studies from Buffalo State College, is vice chairman and director of the Investment Savings and Insurance Institute of New Zealand, and is also director of the American Chamber of Commerce in New Zealand.

Kalen, who has served as CEO of Hartford Life Limited since February 2007, helped The Hartford establish itself as a leading player in the U.K.'s retirement products market. During Kalen's tenure, The Hartford introduced an innovative personal pension product in the U.K., increased sales, and was recognized with prestigious industry awards for product design, service, e-business technology, and advertising. Recently, The Hartford was also recognized by The Great Place To Work Institute (R) as one of the top 50 best places to work in the U.K.

"Mike has played a significant role in building Hartford Life Limited into the market leading business that it is today within the U.K. bond and pension market. He turns over a strong, growing organization to Marc," Smyth said.

Upon returning to the U.S., Kalen will be appointed senior vice president, finance, in The Hartford's global headquarters, reporting to Lizabeth Zlatkus, chief financial officer of The Hartford. He will be responsible for financial management, enterprise sourcing, and corporate information technology.

"The individual retirement market in the U.K. and across Europe is dynamic and growing," Kalen said. "The Hartford's products have helped bring innovative solutions at the right time. Marc will help us maintain our momentum in the U.K. and expand into other European markets."

About The Hartford

The Hartford, a Fortune 100 company, is one of the nation's largest diversified financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.

HIG-L

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2007 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

SOURCE: Hartford Financial Services Group, Inc.

Hartford Financial Services Group, Inc. David Potter, 860-843-8993 david.potter1@hartfordlife.com or Kelly Carter, 860-843-9420 kelly.carter@hartfordlife.com