Among other insurers engaging in divesting activities, The Hartford Financial Services Group Inc. ( HIG ) closed three previously announced divestitures in Jan 2013. The company has completed the sale of its Retirement Plans business to Massachusetts Mutual Life Insurance Company, Individual Life Insurance business to Prudential Financial Inc. ( PRU ) and Individual Annuity new business facilities to Forethought Financial Group Inc. The deal is expected to enhance the financial flexibility of the company.