Latest CNA Insurance Headlines
All the headlines from our CNA Insurance Topic Page, ordered by recency.
St. Paul, CNA Expect Minimal Impact from Enron Settlement with JP Morgan Chase
Jan 3 2003 // Following the announcement that the billion dollar surety case between JP Morgan Chase and 11 insurance companies over Enron related transactions had been settled, both The St. Paul and CNA issued statements indicating...
CNA Financial Completes Sale of $750 Million of New Preferred Stock to Loews
Dec 20 2002 // Chicago-based CNA Financial Corporation announced that it has completed its previously announced plan to sell $750 million of a new issue of preferred stock, called Series H Cumulative Preferred Stock, to Loews...
CNA Surety Announces Debt Repayment
Dec 3 2002 // CNA Surety Corporation reported that it has repaid or extended a $15 million revolving credit loan that was due on November 30, 2002, which was guaranteed by the company’s parent, CNA Financial Corp. It repaid $11...
A.M. Best Affirms Debt Ratings on CNA and Subsidiaries
Nov 22 2002 // A.M. Best Co. announced that it has affirmed various financial strength ratings on the wholly-owned insurance subsidiaries of CNA Financial Corporation, and the “bbb” debt rating on the parent’s existing...
CNA WTC Losses Put at $468 Million Pre-Tax
Nov 15 2002 // CNA’s most recent Form10-Q filing with the Securities and Exchange Commission put overall net pre-tax losses from the attacks on the World Trade Center at $468 million net of reinsurance; after tax losses are...
CNA Reports $38 Million Q3 Net Operating Income
Nov 8 2002 // Chicago-based CNA Financial Corporation reported third quarter net operating income from continuing operations of $38 million, or $0.17 per share, as compared with a net operating loss from continuing operations of $160...
CNA Completes Sale of London Reinsurance Company
Nov 1 2002 // CNA Financial Corporation announced that it has completed the sale of its London reinsurance operation, CNA Reinsurance Company Limited (UK), to Tawa UK Ltd., a subsidiary of Artemis Group, the diversified French holding...
Agent Partners with CNA on Realty Firm Coverage
Oct 15 2002 // The Maryland-based agency Victor O. Schinnerer announced that it has introduced a p/c policy, Victor O. Schinnerer’s Realty Choice(TM), for real estate firms located in Massachusetts, Virginia and Illinois...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
CNA Launches Specialty D&O and Fiduciary Liability Lines
Sep 10 2002 // Schinnerer & Company Inc. of Chevy Chase, Md. is now offering liability coverage to architects, engineers, land surveyors, landscape architects and specialty consultants through CNA’s E-Pack. With this newest...
Robert James Promoted to EVP, U.S. Ins. Operations for CNA P&C
Aug 26 2002 // Robert V. James has been promoted to CNA insurance companies’ executive vice president of U.S. Insurance Operations for CNA Property & Casualty Operations. The announcement came from James R. Lewis who precedes...
CNA Appoints Robert V. James Exec-VP for U.S. Operations
Aug 20 2002 // CNA announced that Robert V. James has been promoted to CNA insurance companies’ executive vice president of U.S. Insurance Operations for CNA Property & Casualty Operations, effective August 26, 2002. The...
CNA Moves to 2ndQ profit on rising premiums
Aug 9 2002 // CNA Financial Corp. reported it swung to a second-quarter profit, able to raise prices on many of its policies. CNA, which is 87 percent-owned by holding concern Loews Corp., posted net income of $35 million, or 16 cents a...
Lewis Promoted to President & CEO of CNA Property & Casualty
Aug 2 2002 // CNA Financial Corporation announced that, effective Aug. 26, James Lewis will become the new president and CEO of CNAProperty & Casualty Operations, CNA’s largest operating business. In his new position, Lewis...
Lilienthal Appointed CEO of CNA Financial, CNA Insurance
Jul 26 2002 // CNA Financial Corp. has appointed Stephen Lilienthal chief executive, succeeding Bernard L. Hengesbaugh, who remains chairman. The move is effective Aug. 26. Lilienthal has been president and chief executive of the CNA...
CNA Announces Deal on Sale of London Reinsurance Company
Jul 15 2002 // CNA Financial Corporation has signed a binding “share purchase agreement” to sell CNA’s London reinsurance operation, CNA Reinsurance Company Limited (UK), to Tawa UK Ltd., pending approval by the...
CNA Financial Reports 1stQ Net Income from Continuing Operations of $111M
May 10 2002 // CNA Financial Corporation reported first quarter 2002 net operating income from continuing operations of $111 million, or $0.50 per share, compared with $119 million, or $0.65 per share, reported in the first quarter 2001....
Fitch Rates CNA Subs
Apr 15 2002 // Fitch Ratings has assigned new ratings to various entities of CNA Financial Corporation (CNA), including its “A” insurer financial strength rating for members of The Continental Insurance Company Pool (CIC) and...
Fitch Assigns Rating to Subsidiaries of CNA
Mar 27 2002 // Fitch Ratings has assigned new ratings to various entities of CNA Financial Corporation (CNA), including a ‘A’ insurer financial strength ratings for members of The Continental Insurance Company Pool (CIC) and...
CNA FINANCIAL REPORTS 4Q LOSS
Feb 25 2002 // CNA Financial Corp. reported a fourth-quarter 2001 net loss of $22 million, compared with net income of $193 million for the same quarter in 2000. According to Chairman and CEO Bernard Hengesbaugh, 2001 was a year when the...
