The UBS Global Financial Services Conference next Tuesday in New York City is one of those rare, mark-your-calendar dates for fans -- and detractors -- of Hartford Financial Services Group Inc.
The Hartford's Chairman and CEO Liam E. McGee has committed to addressing what is likely to be a rapt -- if not rabid -- audience of Wall Street analysts and investors eager to hear more details of McGee's strategy for overhauling the Hartford property-casualty insurer and wealth manager.
These financial dog-and-pony shows are de rigeur for public companies like The Hartford, but the UBS conference may cast greater glare on McGee, who is being pressured by one of the Stag's biggest stakeholders and thorns -- hedge-fund titan John Paulson -- to break up the company to maximize shareholder value.
In recent weeks, McGee has bought out most of its German partner Allianz's $2.5 billion stake, hastened The Hartford's exit from the individual annuity market, and shopped other assets, including its midtown Hartford office tower at 55 Farmington Ave.
McGee is scheduled to speak at about 8:40 a.m. But he won't have to fade the heat on this one by himself; his top finance lieutenant, Christopher J. Swift, will be along for the ride, the insurer says.
The presentation will be available by audio on The Hartford's website at www.thehartford.com/ir.