Insurance Companies Pledge $50 Million to Hartford

The CEOs of the three largest insurance companies in Hartford have made a pledge to help the city by dedicating a total of $50 million over the next five years.

"That is a significant commitment and I think it reflects their recognition of the importance of a strong capital city plays to the region, to the state and to their businesses,” Mayor Luke Bronin said. 

In an Op-Ed piece in Thursday's Hartford Courant, Aetna CEO Mark Bertolini, Travelers CEO Alan Schnitzer and The Hartford CEO Christopher Swift said their companies are vested in Hartford's success and are committed to making the city healthy again.

"As residents of the city, our companies are willing to be part of the solution. As employers of thousands of talented people who live in and around Hartford, we understand the need for a strong capital city," the Op-Ed read.

The CEOs said they will dedicate a combined $10 million to Hartford each year for the next five years.

"This commitment from these companies is conditional. It’s conditional on this contribution being part of a comprehensive sustainable solution for the city of Hartford," Bronin said. "No one wants to fill a cup that’s got a hole in it."

Bertolini, Schnitzer and Swift commended Mayor Luke Bronin on the work he is doing to restore Hartford's financial health and said they will work in partnership with the mayor.

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