CNA Financial News

CNA Financial Reports 17.5% Jump in Q1 Net Income

CNA Financial Corp. reported first quarter 2019 net income of $342 million, up 17.5 percent over the $291 million reported for the same period in 2018. The company saw a big improvement in its first quarter results over its Q4 …

CNA Reports Q4 Loss on Catastrophes, Investments

Catastrophe claims and a disappointing investment performance drove commercial lines insurer CNA Financial Corp. to an $84 million loss in the fourth quarter of 2018. The quarter’s $84 million net loss compare to $223 million in net income in the …

CNA Hardy Continues U.K. Regional Expansion, with Opening of 5th Office

CNA Hardy* has further expanded its regional presence with the opening of its fifth U.K. office, in Birmingham, England. This marks the second U.K. office opening in 2015 for the London-based subsidiary of CNA Financial. In addition, the company has …

CNA Names Orlando Senior VP of Sales, Distribution

CNA Financial Corp. has appointed Rocco Orlando as senior vice president of sales and distribution for the United States, Canada and Europe. He will focus on improving the company’s market position with its producers. Orlando joined CNA in November 2012 …

Best Affirms CNA Financial and Subs’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of CNA Financial Corporation (CNAF), also known as CNA Insurance Companies (CNA). Best also affirmed the …

CNA Hires New Vice President of Reinsurance Placements

Chicago-based CNA Financial Corp. announced that it has appointed Sheila Chapman vice president of reinsurance placements. In this role, Chapman will provide strategic leadership and direction in the negotiations required for reinsurance agreements. Chapman brings to CNA more than 15 …

CNA Appoints Vice President of Alabama Branch Office

CNA Financial Corp. appointed Rocco Orlando as the vice president for its Birmingham, Alabama, branch office. Rocco comes to CNA from The Hartford Financial Services Group where he served as regional vice president responsible for the management of its two …

CNA Names Baumel Illinois Branch Vice President

CNA Financial Corp. has appointed Michael Baumel as the vice president for its Illinois Branch office. Baumel joined CNA in 2005 as a vice president for the HealthPro Claim team and has held leadership positions in the Staff Counsel group, …

New CNA Umbrella Leader Appointed to Northeast/Mid-Atlantic Zones

CNA Financial Corp. has appointed Cheryl Paton as assistant vice president for umbrella insurance. She joins CNA’s New York office, and will be leading the umbrella teams for both the Northeast and Mid-Atlantic Zones. Paton brings extensive industry experience to …

CNA Appoints Vice President for Hartford, Conn., Branch

Chicago-headquartered CNA Financial Corporation appointed Bill Donovan as vice president of its Hartford, Conn., branch. In this role, Donovan is responsible for synchronizing branch operations with CNA’s strategic goals, including increasing local authority at the point of sale and improving …