Shares of The Hartford have more than doubled during the past year, Bloomberg reported, giving the insurer a market capitalization of around $23 billion, as of March 18. (Credit: The Hartford) Shares of The Hartford have more than doubled during the past year, Bloomberg reported, giving the insurer a market capitalization of around $23 billion, as of March 18. (Credit: The Hartford)

The Hartford confirmed it has received an unsolicited, non-binding acquisition proposal from Chubb Ltd. The target firm reports its board of directors is considering the deal.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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