Latest CNA Insurance Headlines
All the headlines from our CNA Insurance Topic Page, ordered by recency.
CNA Exits Assumed Reinsurance Business
Oct 6 2003 // Chicago-based insurer CNA Financial Corp. announced that it agreed to sell the renewal rights for most of the treaty business of CNA Re, its assumed reinsurance business unit, to Folksamerica Reinsurance Co. Concurrently...
Fortin Joins CNA as Senior VP of Specialty Brokerage Unit
Oct 1 2003 // Chicago-based insurer CNA Financial Corp. announced that Daniel S. Fortin has joined CNA insurance companies as senior vice president of the specialty lines open brokerage unit within its property/casualty operation....
Zurich, CNA Announce Isabel Claims Centers
Sep 19 2003 // Zurich North American asks its commercial property insurance customers to contact them in one of the following ways to report a claim related to Hurricane Isabel: Phone: 1-800-987-3373 E-mail:...
CNA Sues Former Exec for Raiding Talent
Sep 11 2003 // Chicago-based insurer CNA has filed suit against a former executive it says violated an exit agreement not to hire away any employees for at least three years by luring away 11 top company executives to a competing firm,...
CNA Surety Announces $15 Million Loss on Claim
Sep 4 2003 // CNA Surety Corp. announced today that it recently received a claim notification on a $19.5 million insurance program bond. This commercial surety bond supports the credit obligations of a principal to a third party...
CNA Develops Three-in-One Approach to Non-Medical Insurance Coverage in Mass.
Aug 29 2003 // Chicago-based CNA announced a new approach to providing non-medical group insurance benefits to businesses of any size. The “Flexible Protection Plan(SM) enables Massachusetts employers to provide benefit funds in...
Fitch Downgrades CNA, Best Stands Still
Aug 8 2003 // A $308 million after-tax charge taken by Chicago-based carrier CAN Financial Corp.’s primary insurance subsidiaries have led to a downgrade by Fitch Ratings, while A.M. Best says its ratings had already taken into...
CNA Financial Reports Q2 Net Income of $70M; Reductions in Workforce to Occur
Aug 7 2003 // CNA Financial Corporation reported net income for the second quarter of 2003 of $70 million, or $0.25 per share, as compared with net income of $31 million, or $0.14 per share, for the same period in 2002. Net income for...
Reinsurance, Investments Sink CNA Profit 20%
Aug 5 2003 // Chicago-based carrier CNA Surety Corp. reported a second-quarter profit of $10.3 million, or 24 cents per share, down from last year’s second quarter profit of $12.9 million, or 30 cents per share. CNA attributed the...
Mitsui Sumitomo and CNA E&S Join Target Markets
Aug 1 2003 // The Target Markets Program Administrators Association announced the membership of two new carrier partners. Mitsui Sumitomo and CNA E&S will be joining a growing list of Carrier Partners in the Target Markets Program...
CNA Opens Center to Process Claudette Claims
Jul 21 2003 // The Chicago-based CNA insurance companies have opened a catastrophe operations center within its Dallas, Texas, branch office for policyholders who would like to submit claims relating to Hurricane Claudette. The...
CNA Makes Cargo Insurance More Accessible to Freight Forwarders
Jul 14 2003 // Chicago-based CNA insurance companies has integrated the OMMni.com cargo system of its marine operations with Fountainhead International LLC’s CargoWise® software solution to provide an integrated cargo insurance...
John Welch Joins CNA Surety as CEO
Jun 18 2003 // John F. Welch will join Chicago-based CNA Surety as president and chief executive officer, Board Chairman James R. Lewis has announced. Welch succeeds Mark C. Vonnahme, who announced his retirement earlier this year. Welch...
CNA Takes $49 Million Charge On 1995 Property Loss
Jun 2 2003 // Chicago-based CNA Financial Corp. announced that its specialty lines segment expects to record an after-tax charge of approximately $49 million in the second quarter of 2003 in connection with a recent adverse arbitration...
CNA Provides Big Opportunity for Small Business
May 30 2003 // Chicago-based CNA says it is creating opportunities for agents in Small Business with its people, services, technology, broad appetite, underwriting excellence, comprehensive products and programs, and targeted classes for...
CNA 1stQ Profit Up 315% From 2002
May 8 2003 // Chicago-based commercial lines leader CNA Financial Corp. reported first-quarter net income of $83 million, or 30 cents per share, up 315 percent from $20 million, or 9 cents per share, in the first quarter of 2002. Net...
CNA Surety Profit Down 9% From Year Ago
May 6 2003 // Chicago-based CNA Surety Corp. reported that net income for the first quarter of 2003 was $9.6 million, or 22 cents per share, down 9 percent from a year ago’s $10.6 million, or 25 cents per share. This decrease...
CNA Financial Corp. Affirmed
May 5 2003 // S&P’s affirmed its “BBB-/A-3” counterparty credit rating on CNA Financial Corp. and its “A-” counterparty credit and financial strength ratings on CAN’s insurance subsidiaries after...
CNA to Sell Part of RSKCo to Cunningham Lindsay
Apr 4 2003 // Chicago-based commercial insurer CNA Financial Corp. has signed a binding agreement to sell a portion of the business of its subsidiary, RSKCo, to Cunningham Lindsey, a subsidiary of Lindsey Morden Group Inc. The...
CNA Lowers Earnings $32 Million After SEC Complaints
Mar 19 2003 // Chicago-based CNA Financial Corp. has revised its net 2002 profit $32 million lower in response to complaints from the SEC about the timing and accounting of investment losses, according to a statement released by the...
