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.
Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments 
Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says 
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge 
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say 
