We know many Connecticut businesses are struggling as they deal with the effects of COVID-19. We appreciate their perseverance and know they share our commitment to keeping our residents healthy. The state, working with its federal partners, has several programs and initiatives in place to assist businesses during this difficult period. For specific questions related to small business, email the Joint Information Center at COVID19.JIC@ct.gov, or call the DECD small business hotline at 860-500-2333. Individuals can call 2-1-1 for more information.

Financial Services


Connecticut is the headquarters for some of the world’s largest money management firms, ranking #2 in the U.S. for assets under management. In fact, after New York and London, Greenwich, Connecticut, is considered one of the world’s top hedge fund hubs. Nearly 110,000 people in Connecticut are employed in the financial services/insurance sectors, for a global who’s who of financial leaders.

Key Advantages

Find out why more than 7,000 insurance and financial services companies call Connecticut home.

  • Experience and expertise. Finance and insurance are two industries Connecticut does particularly well, so the state is able to offer specialized support for businesses that start or move here.
  • Committed to businesses large and small. Connecticut may be home to dozens of established financial and insurance firms, but we also extend funding opportunities and incentives to small and start-up businesses as well.
  • A prime talent pipeline. Connecticut universities and colleges offer specialized degrees in finance, along with courses in investing and the fundamentals of management, producing more well-rounded recruits.
  • Stimulating state economy. The state understands that employment in the financial services/insurance sector also stimulates growth in legal, accounting and technology services. In fact, for every new job in the insurance industry, 2.32 jobs are added to the overall Connecticut economy.

Targeted Support

Connecticut offers a wide range of  technical support and business development services for manufacturers.





Industry Leaders

Just a few of our key financial services companies are highlighted below:


You can also hear from a few of our sector leaders here. 


 Webster Bank Chairman and CEO Jim Smith on maintaining their global headquarters in Waterbury.


 The Navigators Group CEO Stan Galanski on relocating their headquarters from New York to Stamford.

Contact Us

For more information on the advantages of relocating or growing your Financial Services business here in Connecticut, please contact Barbara Fernandez at (860) 500-2325, or email Barbara.Fernandez@ct.gov.