CNA News

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, …

CNA Names Haas Senior VP, National Accounts Casualty

Chicago-based property/casualty insurer, CNA, has appointed David Haas senior vice president, National Accounts Casualty. Haas will be responsible for the profitability, growth and strategic direction of CNA’s National Accounts Casualty business, reporting to Kevin Leidwinger, president and chief operating officer, …

AXA XL’s McGavick Looks Ahead to ‘The Golden Age of Insurance’

Mike McGavick’s turnaround experiences have led him to think carefully about changes that are needed for the insurance industry. “First, cost has got to come down. It’s absurd that approximately 60 cents on every dollar is what the customer gets …

Thinking Past the Obvious: Former CEO of XL Group McGavick Looks Back

The former chief executive officer of XL Group, Mike McGavick, admits that frequently during his career he has taken on leadership roles that some of his contemporaries considered too hot to handle—such as the turnarounds he led at XL Group …

S&P Upgrades Outlook for CNA Group

CNA Group gained an outlook upgrade from Standard & Poor’s based on improvement of its commercial lines business. S&P Global Ratings revised its outlook for CNA to positive from stable. The ratings agency also affirmed its “A” long-term issuer credit …