CNA News

CNA Transfers $690M of Excess Workers’ Compensation Business to Enstar Subsidiary

Commercial lines insurer CNA Financial Corp. and Enstar on Dec. 30, 2020 said they had reached an agreement to have a subsidiary of Enstar reinsure a legacy portfolio of excess workers’ compensation policies, representing $690 million in prior-year loss reserves. …

CNA Turns Q3 Profit; P/C Combined Ratio Rises Above 100%

CNA Financial Corp. doubled its 2020 Q3 net income, thanks in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net catastrophe losses soared, however, due to three …

CNA Reports Q2 Profit Despite COVID-19, Weather, Civil Unrest Losses

CNA Financial Corp. saw its 2020 second quarter net income sliced almost by half compared to the previous year due to “considerable catastrophe losses” from COVID-19, civil unrest and weather-related events. The Chicago-based commercial property/casualty insurer booked $151 million in …

New Embroker Business Owners Policy (BOP) Targets SMEs

Embroker, Inc., a digital insurance broker, has partnered with CNA to provide a customized business owners policy (BOP) coverage to its business clients. Embroker is a technology platform that digitizes all aspects of the insurance process and provides customers with …

Mass. High Court Upholds Consent-to-Settle Clause in Malpractice Policy

Massachusetts’ highest court on Monday rejected arguments that consent-to-settle clauses in professional malpractice insurance policies violate public policy. The Supreme Judicial Court sided with CNA subsidiary Continental Casualty Co. in an engineering malpractice lawsuit brought by homeowners Douglas and Kristen …

S&P Upgrades CNA Financial Strength Rating to A+

CNA Financial Corp. has achieved an “A+” financial strength rating from Standard & Poor’s, an upgrade made in recognition of the Chicago-based insurer’s efforts to improve its operations and culture. S&P Global Ratings made the upgrade from an initial “A” …

CNA Names James as Chief Risk Officer; Appoints Miralles President of Warranty

Mark James has been named CNA’s Chief Risk and Reinsurance Officer. He assumes leadership for CNA’s Enterprise Risk Management function and maintains leadership for the Global Reinsurance team. Prior to joining CNA in April 2018, James held the position of …

CNA Names Possell Chief Information Officer

Chicago-based insurer CNA has appointed Jane Possell as chief information officer. Possell will be responsible for leading the development and execution of CNA’s overarching information technology strategy, reporting to Michael Costonis, executive vice president and chief operations officer. Possell most …

CNA Names Decman Branch Manager in Washington and Oregon Branches

CNA has named Tanya Decman vice president and branch manager for the Seattle, Wash., and Portland, Ore., branches. Decman was previously assistant vice president of sales and distribution in the West. She was a marketing manage for Chubb Insurance before …

QBE’s Gonzalez Named Executive VP, General Counsel at CNA

Chicago-based commercial property/casualty insurer, CNA, has appointed Jose Ramon Gonzalez as executive vice president and general counsel. Gonzalez will serve as the principal counsel for CNA, leading the company’s law department responsible for legal affairs, compliance, regulatory and government affairs, …