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.
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk 
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
Hands-Free Driving Systems Do Not Improve Safety, NTSB Says 
