CNA News

Hartford, CNA Post Drops in Q2 Net Income

Second quarter earnings at The Hartford fell to $437 million – about 51% less than the same period a year ago. Hartford said it booked a $485 million before-tax change from net realized gains to net realized losses during Q2. …

Experts Confirm Cyber Incidents Up Since Invasion of Ukraine; Insurance Underwriters Adapting

Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium. “There’s no doubt that attacks …

CNA Q4 Net Income Drops but Increases 74% for Full Year 2021

CNA Financial Corp. said fourth quarter 2021 net income decreased more than 30% to $266 million compared to the same period the prior year. There was a drop in net investment income during the last three months of 2021 to …

People Moves: Korte Named Sr. VP at CNA; Stephan Joins The Plexus Groupe; Ryan Specialty Group Adds Behren

CNA CNA appointed Dieter Korte senior vice president, Middle Market. In this role, Korte will be responsible for profitability, growth, and strategic direction of Chicago-based CNA’s middle market business unit. Korte joined CNA in 2016 after 25 years of commercial …

CEO Views: Successes and Failures in Dealing with Pandemic Challenges

As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing began. John Neal, chief …

IICF Midwest Celebrates Tenth Anniversary with Blazing the Trail Benefit

CEO panel headlines virtual benefit to support regional nonprofits and communities in need CHICAGO, IL (Feb. 16, 2021) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, …

IICF Hosts Virtual Insurance Industry Gala to Benefit Regional Nonprofit and Charitable Organizations

IICF Southeast Division event will help support more than 20 nonprofits DALLAS (Feb. 1, 2021) –The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, will host its ninth annual Southeast Division Gala …

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 …