Latest CNA Insurance Headlines
All the headlines from our CNA Insurance Topic Page, ordered by recency.
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...
Gerling Owes CNA $600 Million
Mar 13 2003 // CNA Financial Corp. announced that as of Dec. 31, 2002, its property and casualty insurance subsidiaries have about $600 million of reinsurance receivables due from Gerling-Konzern Allgemeine Versicherungs AG and its...
AXCESS Secures Through CNA’s Western Surety Selects PriceWaterhouseCoopers, LLP as Auditor
Mar 12 2003 // AXCESS Secures Through CNA’s Western Surety Selects PriceWaterhouseCoopers, LLP as Auditor NEW YORK / EWORLDWIRE / March 12, 2003 — AXCESS Insurance announced today that the company has secured Fidelity...
AXCESS Secures Through CNA’s Western Surety Selects PriceWaterhouseCoopers, LLP as Auditor
Mar 12 2003 // AXCESS Insurance announced today that the company has secured Fidelity Insurance Coverage through Western Surety. A division of CNA Surety (NYSE: SUR), Western Surety is an AMBest “A+” Rated insurance company...
S&P Lowers CNA Surety Ratings, Sees Growth for P/C Companies
Feb 13 2003 // The Standard & Poor’s ratings of CNA Surety Corp. subsidiaries Western Surety Co. and Universal Surety of America have been lowered from ‘A’ to ‘A-.’ In addition, Standard &...
CNA Surety Earns $8 Million in Fourth Quarter
Feb 12 2003 // Improved underwriting income helped CNA Surety Corp. score a net income of $2.6 million, or 6 cents per share, for the fourth quarter of 2002 compared to $600,000, or 1 cent per share, in 2001. Net operating earnings for...
CNA Surety’s CEO Will Retire Within a Year
Feb 11 2003 // CNA Surety Corp. CEO Mark C. Vonnahme will retire from the company within a year, ending his 30-year career with the Chicago-based CNA Finacial Corp. The search process is underway to replace Vonnahme, who in 1997 led the...
CNA Sells Renewal Rights for Marine ‘Blue Water’ to Arch
Jan 30 2003 // Chicago-based CNA Financial Corporation announced the sale of the renewal rights of its book of hull and liability insurance business for ocean-going vessels in both London and the United States to the Arch Insurance...
