Hartford Financial (HIG) +1.4% premarket after announcing it will pay $2.43B to buy back debt...


Hartford Financial (HIG) +1.4% premarket after announcing it will pay $2.43B to buy back debt and warrants issued to Allianz (AZSEY.PK). The U.S. insurance company turned to Allianz, Germany’s largest insurer, for capital in 2008, agreeing to pay 10% on $1.75B of debt as capital markets froze; today's move allows HIG to replace the $1.75B it owes with new debt at a lower cost.

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