20 | HARTFORD BUSINESS JOURNAL • OCTOBER 2, 2017
Industry Lookbacks
Insurance
Probably for as long as Connecticut has been known as the insurance capital
of the world there have been those who said Connecticut was losing its No. 1
position.
Indeed, if you just read the headlines in 2017, most notably health
insurer Aetna's plans to move its headquarters and about 250 high-level
employees from Hartford to New York City, you might begin to believe that
Connecticut has dropped significantly in stature.
But you would be wrong, according to Susan Winkler, executive director of
the Connecticut Insurance and Financial Services Cluster.
"Companies move out and other companies move in," Winkler said. "It's a
cycle, but we will continue to be the insurance capital."
The numbers when it comes to the state's insurance industry remain
impressive, despite the headlines. Connecticut ranks first nationally in
insurance carrier employment as a percentage of total employment. The
state also leads the nation in insurance payroll.
There are 58,892 insurance carrier and related full-time employees in the
state, and insurers in the state write $32.8 billion in premiums.
The largest insurance employers in the state include such well-known
names as Aetna, Anthem, Cigna, The Hartford, MassMutual, Prudential,
Travelers and United HealthCare.
Hartford's role as world's
'insurance capital' tested
By Christina H. Davis
Special to the Hartford Business Journal
910544_HartfordBizJrnl_4.63x6.63_AD_v2-outlines.indd 1 9/6/17 12:21 PM
Insurer Travelers Cos. has spent tens of millions of dollars
renovating its downtown Hartford campus over the last decade.
