A unit of ACE Ltd. has asked the Connecticut Insurance Department for permission to buy a life insurance company from a unit of Hartford Financial Services Group Inc.
The Connecticut department has scheduled a March 30 hearing in Hartford on the ACE application.
The unit of ACE, Hamilton, Bermuda, wants to acquire Hart Life Insurance Company, a small life insurance company that has been through a number of acquisitions and name changes.
Before Hartford, Simsbury, Conn., acquired Hart Life, Hart Life was known as Alpine Life Insurance Company.
