HARTFORD, Conn.--(BUSINESS WIRE)--Aug 11, 2026--
The Hartford announced that Priscilla Almodovar, former president and CEO of Fannie Mae, has been elected to the company’s Board of Directors, effective Sept. 1. She will serve on the board’s Finance, Investment and Risk Management Committee, as well as the Audit Committee.
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“Priscilla is an accomplished executive with deep expertise in financial services, capital management, enterprise risk management and governance,” said The Hartford’s Chairman and CEO Christopher Swift. “Her experience leading large, complex organizations and overseeing significant transformation initiatives will bring valuable perspective to our board as we continue to execute our strategy and create long-term value for our shareholders.”
As president and CEO of Fannie Mae, Almodovar led one of the world’s largest financial institutions, overseeing a business supporting approximately $4.1 trillion in mortgages and employing more than 10,000 people. During her tenure, she advanced a strategic transformation focused on financial performance, operational excellence, technology modernization and risk management. Almodovar also strengthened the company’s commercial and financial discipline by establishing its first post-financial-crisis return-on-equity target and embedding risk-adjusted capital allocation practices across the organization.
Prior to joining Fannie Mae, Almodovar served as CEO of Enterprise Community Partners where she brought together separate businesses and leadership structures into a single integrated one-enterprise platform. Before Enterprise Community Partners, she held several senior leadership positions at JPMorgan Chase, including managing director and co-head of Real Estate Banking. Earlier in her career, Almodovar served as president and CEO of the New York State Housing Finance Agency and was a partner at the global law firm White & Case.
Almodovar currently serves on the boards of Realty Income Corp. and Fifth Third Bancorp. She earned a juris doctor from Columbia Law School and a bachelor’s degree from Hofstra University.
About The Hartford
The Hartford is a leader in property and casualty insurance and employee benefits. By anticipating challenges and reducing risks our customers face, the company helps people and businesses thrive with confidence. Built on a foundation of trust, The Hartford is committed to strong performance, exceptional customer experiences and bold innovation, hallmarks of its sustained success since 1810.
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. More information on the company and its financial performance is available on its website. For additional details, please read The Hartford’s legal notice.
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Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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Priscilla Almodovar
NEW YORK (AP) — U.S. stocks slipped a bit further from their records, while oil prices kept swinging on uncertainty about when the war with Iran will allow crude to flow freely again. The S&P 500 fell 0.3% Tuesday and marked its second modest drop since setting an all-time high at the end of last week. The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite sank 0.6%. The price for a barrel of Brent crude rose 1.4% to $88.91 after earlier swinging between $87 and $90. Treasury yields eased in the bond market.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — U.S. stocks slipped a bit further from their records Tuesday, while oil prices kept swinging on uncertainty about when the war with Iran will allow crude to flow freely again.
The S&P 500 fell 0.4% was heading for a second modest drop since setting its all-time high on Friday. The Dow Jones Industrial Average was down 170 points, or 0.3%, with an hour remaining in trading, and the Nasdaq composite fell 0.7%.
The action was stronger in the oil market, where the price for a barrel of Brent crude briefly jumped above $90 in the morning before falling back below $87. It settled at $88.91, up 1.4% from Monday.
Such erratic moves have become typical since the United States and Israel attacked Iran in late February, which led to the closure of the Strait of Hormuz and kept much of the world’s oil pent up in the Middle East. Last month alone, Brent’s price veered between $72 and $102 per barrel.
Higher oil prices make inflation worse, and they’ve sent the average cost for a gallon of regular gasoline to $4.01, according to AAA. That’s up from less than $3.14 a year ago, though it’s down from last week’s nearly $4.09.
That has Wall Street’s attention focused on Wednesday, when the U.S. government will release the latest monthly reading on inflation. Economists expect it to show inflation remains high but that it decelerated to 3.4% in July from 3.5% in June.
That could help the Federal Reserve, whose members are notably split on whether they should be raising the country’s interest rates to keep a lid on inflation. While higher rates could help slow the increases of prices on store shelves, they would also slow the overall U.S. economy by making it more expensive for U.S. households and businesses to borrow money. They would also undercut prices for stocks and other investments.
Traders are betting on a coin flip’s chance that the Fed will raise its main interest rate at its next meeting in September, according to data from CME Group. If it does, that would be the first increase in more than three years. It also could anger President Donald Trump, who has been lobbying for lower interest rates.
Treasury yields have jumped since the war with Iran because of higher oil prices and worries about inflation, sending long-term mortgage rates to their highest levels in a year.
The 10-year Treasury yield eased back Tuesday, falling to 4.68% from 4.72% late Monday. But it remains well above its 3.97% level from before the war with Iran.
On Wall Street, On Holding dropped 21.7% even though the Swiss sneaker company reported a better profit for the latest quarter than analysts expected. It gave a forecast for upcoming revenue that fell short of analysts' expectations, while saying it does not want to slash prices to drum up more sales.
Companies broadly have been blowing past analysts’ forecasts, which Wall Street loves because stock prices tend to follow the path of corporate profits over the long term. That's been a big reason the U.S. market has been setting records recently despite the worries about expensive oil, high inflation and potentially too-high prices for stocks.
Aramark, the food company and facilities manager, rallied 8.9% after reporting stronger profit and revenue for the latest quarter than analysts expected. Cardinal Health added 1% after topping analysts' profit expectations for the spring.
In stock markets abroad, indexes were mixed in Europe and Asia. Hong Kong’s Hang Seng fell 1.1% for one of the world’s bigger moves.
AP Business Writers Matt Ott and Elaine Kurtenbach contributed to this report.
A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)
A TV cameraman prepares to film near the screens showing the Korea Composite Stock Price Index (KOSPI) and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Aug. 11, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Aug. 11, 2026. (AP Photo/Lee Jin-man)
A dealer stands near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Aug. 11, 2026. (AP Photo/Lee Jin-man)
An employee walks past near the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Aug. 11, 2026. (AP Photo/Lee Jin-man)
