The Hartford Sells Retirement Plans Business to Massachusetts Mutual Life Insurance Company

Massachusetts Mutual Life Insurance Company (MassMutual) announced today it has entered into a definitive agreement with The Hartford to purchase its Retirement Plans business, a prominent small to mid-sized retirement plan provider.  This transaction will significantly increase the size of MassMutual's retirement business and strengthen its position as a leading retirement plan provider.  The purchase price is $400 million, subject to adjustment at closing. The transaction, which is subject to regulatory and other approvals, is expected to close by the end of 2012.