The Hartford Financial Services Group has named Randy Larsen (pictured), former chief executive of AssuredPartners, to its board of directors, effective September 1. The move adds a career brokerage executive to a board that has expanded its expertise across finance, technology, and distribution in recent years.
Larsen joins the Finance, Investment and Risk Management Committee and the Nominating and Corporate Governance Committee. He brings 13 years with AssuredPartners, a national brokerage serving middle-market commercial and individual clients. The firm's book covers property and casualty, employee benefits, specialty, and personal lines.
Larsen served as CEO of AssuredPartners from 2023 until Gallagher's acquisition of the firm in 2025. That deal ranked among the largest transactions in US insurance brokerage history. Before becoming CEO, he held senior operational roles including president of Retail, president of Western Regions, and president of Central States.
Prior to AssuredPartners, Larsen spent 14 years at Schifman Remley & Associates, a brokerage that AssuredPartners acquired in 2012, where he advanced to partner. Earlier in his career, he served as president at Mark Twain Bancshares and Mercantile Bancshares. He holds a bachelor's degree in finance from Nebraska Wesleyan University.
Christopher Swift, chairman and CEO of The Hartford, said Larsen's "extensive experience leading a major insurance brokerage, strong financial acumen and broad understanding of the insurance marketplace will bring valuable perspectives to our board." The appointment comes as Hartford operates in a commercial market where digital platforms and managing general agents have added pressure on traditional distribution channels.
The Hartford reported net income available to common stockholders of $851 million for the first quarter of 2026, up 36% year over year. The company returned $617 million to stockholders that quarter, with $450 million in share repurchases and $167 million in dividends paid. Larsen's appointment adds distribution expertise to the board ahead of the carrier's Q2 2026 earnings release.
The board declared a quarterly cash dividend of $0.60 per share of common stock on July 15. The dividend is payable October 2 to shareholders of record at the close of business on September 1.
The board also declared a dividend of $375 per share on its Series G preferred stock, equivalent to $0.375 per depository share. That payment is due November 16 to shareholders of record at the close of business on November 2.
