CNA Financial Corporation announced that Hardy Underwriting Bermuda Limited shareholders have voted to approve CNA’s proposed acquisition of Hardy, announced in March. The acquisition is expected to close by the end of the second quarter, subject to regulatory approvals.
CNA Chairman and CEO Tom Motamed expressed his delight that the deal was “moving ahead.” He described Hardy as a “specialized Lloyd’s underwriter with a respected brand and a long history of disciplined underwriting. The acquisition provides CNA with a key platform for expanding our global business and accessing the $35 billion Lloyd’s marketplace.”
Source: CNA
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Oil Tankers Go Dark to Sneak More Barrels of Oil Through Hormuz 
Storage Shed Caused Nashville Parking Garage Fire, Travelers Says in $10M Subro Suit 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says 
