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.
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
Florida Bills Would Open Door to More Housing in the Everglades, Brownfields 
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub 
Planet-Warming El Niño to Form by September, US Forecasters Say 
