Hartford annuity outfit for sale

Private equity firms JC Flowers and Apollo Global Management are among a handful of companies expected to bid for Hartford Financial Services Group’s Japanese annuity business. Second round bids for the business are due next week. Hartford has tapped Deutsche Bank to handle the sales process, sources said. In June, the company announced an agreement to sell its UK variable annuity business for $285m to Warren Buffett’s Berkshire Hathaway.