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.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
