(Bloomberg) — Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who repaid the insurer’s bailout and is stepping down after a medical procedure.

Swift, 53, the chief financial officer who joined from American International Group Inc. in 2010, becomes CEO on July 1, according to a statement today from Hartford, which is based in the Connecticut city of the same name. McGee, 59, will remain executive chairman until the next annual shareholders meeting.

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