Hartford Said to Enlist JPMorgan to Sell Annuity Runoff Business

  • Talcott unit said to draw interest from Apollo, Berkshire
  • Sale of Talcott could fetch $3 billion to $4 billion

Hartford Financial Services Group Inc. is working with JPMorgan Chase & Co. to see if the insurer can find a buyer for Talcott Resolution, the unit that includes U.S. variable annuities, according to people familiar with the matter.

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