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buying property abroad
News and Information Article
The Hartford, a leading seller of variable annuities in Japan, supports
U.S.-Japan Bridging Foundation to help prepare international business
leaders
SIMSBURY, Conn., June 27 /-FirstCall/ -- The Hartford
Financial Services Group, Inc. (NYSE: HIG), doing its part to help groom
promising international business leaders of tomorrow, is donating $25,000
for college scholarships through the U.S.-Japan Bridging Foundation.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051208/HARTFORDLOGO )
A private, non-profit organization established by the Japan-United
States Friendship Commission, the Bridging Foundation helps prepare young
Americans to assume future global leadership roles through training and
education. Five $5,000 scholarships will be awarded to U.S. undergraduate
students attending colleges in New England who choose to study one or two
semesters in Japan. Students are responsible for their tuition and fees and
can use the scholarship money for transportation and living expenses during
the 2006-2007 academic year.
Candidates for the scholarships are selected by the Bridging
Foundation, which is committed to increasing the number of Americans
studying in Japan by providing more than 100 scholarships for the 2006-2007
academic year. There are currently more than 40,000 Japanese students
studying in the U.S. compared to approximately 3,600 U.S. students studying
in Japan.
"The Hartford sees its support of the U.S.-Japan Bridging Foundation as
an important contribution to the advancement of U.S.-Japan business
relations and understanding," said Gregory Boyko, president and chief
executive officer of Hartford Life Insurance K.K., The Hartfords
subsidiary in Japan. Through Hartford Life Insurance K.K., The Hartford is
one of the leading sellers of variable annuities in Japan.
"In helping to build The Hartfords business in Japan over the last
several years, Ive seen a real need to grow and develop business leaders
who understand Japans business environment, government and culture, and
speak Japanese," said Boyko who is an honorary consul general for Japan.
"The Hartford regularly encourages U.S. and Japanese executives and
employees to accept new jobs in each others country. Our scholarship
contribution is one more way to facilitate greater overall understanding
and fellowship."
"We appreciate The Hartford joining other multinational U.S.
corporations in supporting the U.S.-Japan Bridging Foundation," said Eric
Gangloff, executive director of the Foundation. "The scholarship money
provided by the Foundation is often the difference between whether or not a
student can afford to study in Japan. With continued support from the U.S.
corporate community, we hope that studying in Japan will become an
increasingly popular choice for students choosing to study abroad."
Since 1999, the Foundation has provided scholarships to more than 600
students. The Foundations new five-year goal is to raise a total of $2.5
million to provide scholarships for 500 more students.
The Hartford, a Fortune 100 company, is one of the nations largest
financial services and insurance companies, with 2005 revenues of $27.1
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, Brazil and the United Kingdom. The Hartfords Internet
address is http://www.thehartford.com.
The Hartford is The Hartford Financial Services Group, Inc. and its
subsidiaries, including the issuing companies of Hartford Life Insurance
Company and Hartford Life and Annuity Insurance Company.
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 2005 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.
Contact(s):
David Potter Bruce Ellsworth
860-843-8993 +011-81-3-5777-8083
david.potter@hartfordlife.com bruce.ellsworth@hartfordlife.com
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