Global Atlantic Financial Group is growing in downtown Hartford despite industry
HARTFORD — When Global Atlantic Financial Group moved its Connecticut offices from Simsbury to downtown Hartford in 2018, it relocated about 85 employees. Today, about 220 of the insurance firm’s employees are based in the city, and its head count in the “insurance capital of the world” is growing.
Global Atlantic reiterated its intent to keep hiring in Hartford by announcing this month a plan to add about 100 employees during the next few years, with the potential of six-figure state funding supporting the expansion. The company’s growth contrasts with downsizing across much of the insurance industry in recent years, but state economic development officials said they believe that commitment like that of Global Atlantic demonstrates Connecticut’s ability to attract and retain leading insurers.