Latest CNA Insurance Headlines
All the headlines from our CNA Insurance Topic Page, ordered by recency.
Singer to Lead CNA E&S
Dec 10 2004 // Chicago-based commercial insurer CNA Financial Corp. announced that Raye Singer has joined CNA insurance companies as vice president of CNA Excess & Surplus Lines. CNA E&S is written through Columbia Casualty...
CNA Financial Announces Senior Debt Offering
Dec 9 2004 // Chicago-based commercial insurer CNA Financial Corp. announced that it intends, subject to market and other conditions, to offer new 10-year senior notes in a public offering underwritten by Merrill Lynch, Pierce, Fenner...
CNA SURETY POSTS $11 MILLION Q3 PROFIT:
Dec 6 2004 // Chicago-based CNA Surety Corp. reported net income for the third quarter of 2004 of $11 million, or 26 cents per share, compared to a net loss of $47.4 million, or $1.10 per share, for the same period in 2003. The company,...
CNA Financial Corp., Subs Have Ratings Affirmed
Nov 19 2004 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on CNA Financial Corp. (NYSE:CNA) and its ‘A-‘ counterparty credit and financial strength ratings on...
CNA Surety Posts $11 Million Q3 Profit
Nov 17 2004 // Chicago-based CNA Surety Corp. reported net income for the third quarter of 2004 of $11 million, or 26 cents per share, compared to a net loss of $47.4 million, or $1.10 per share, for the same period in 2003. The company,...
CNA Surety Sells Minority Interest in DeMontfort Group
Nov 16 2004 // Chicago-based CNA Surety Corp. announced that the company tentatively has agreed to sell all of its financial interest in U.K.-based DeMontfort Group Ltd. to HCC Insurance Holdings Inc. The agreement covers CNA...
CNA Posts $28 Million Loss in Third Quarter
Nov 15 2004 // Chicago-based commercial insurer CNA‘s woes continue as the company announced a net loss of $28 million for the third quarter, thanks in part to $174 million in losses due to the quadruple kick to the pants delivered...
CNA Names Mense Its New CFO
Nov 10 2004 // Chicago-based commercial insurer CNA Financial Corp. appointed D. Craig Mense as chief financial officer, effective Nov. 29. Mense will report to CEO Stephen W. Lilienthal and succeeds Robert V. Deutsch, who served as CFO...
People & Places
Nov 8 2004 // Roger Schmelzer The Marsh & McLennan board of directors announced it has accepted the resignation of chairman and chief executive officer Jeffrey W. Greenberg. Stepping in to immediately replace Greenberg is Michael...
HCC to Acquire 34% Interest in UK’s DeMontfort Group from CNA Surety
Oct 28 2004 // Houston’s HCC Insurance Holdings, Inc. announced today that it has reached an agreement to acquire the 34 percent interest, currently owned by CNA Surety, in the common shares of the U.K.-based DeMontfort Group of...
Illion to Lead CNA Small Business Unit
Oct 21 2004 // Chicago-based CNA Financial Corp. announced that Larry Illion has joined CNA insurance companies as senior vice president of CNA Small Business, a $650-million business operation. Prior to joining CNA, Illion worked for...
People & Places
Oct 11 2004 // Columbus, Ohio–based surplus line insurer Century Surety Co. announced the promotions of both Erin E. Alward to chief financial officer and Steve R. Young to chief investment officer. Erin Alward Alward has more than...
Best Downgrades CNA’s Elwood to ‘B++’
Oct 7 2004 // A.M. Best Co. announced that it has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) of Bermuda-based Elwood Insurance Limited, a single parent captive of CNA...
Redd Named VP of CNA’s Chicago Branch
Sep 15 2004 // CNA insurance companies named Margaret N. Redd vice president of its Chicago branch operations. Redd has more than 25 years of insurance experience. Most recently, she was the national assistant vice president of...
CNA Announces Preliminary Loss Exposure Estimate Related to Hurricane Charley
Aug 26 2004 // CNA Financial Corporation reported its preliminary estimate of net losses related to Hurricane Charley. While it is too early to estimate precisely the financial impact on CNA of this catastrophe, based upon information...
CNA’s Revised D&O Product Includes Personal Asset Coverage
Aug 26 2004 // Chicago-based commercial insurer CNA announced a revised product for directors and officers (D&O) to help reduce the risks associated with inadequate protection. CNA said its Individual Solutions policy has been...
CNA Surety Names Tinstman to Board
Aug 16 2004 // Chicago-based CNA Surety Corp. announced that Robert A. Tinstman, executive chairman of James Construction Group, joined its board of directors effective Aug. 11, 2004. Tinstman will replace Ken Miller, who resigned from...
CNA Surety Posts 2Q Results
Aug 3 2004 // CNA Surety Corporation has reported net income for the second quarter of 2004 of $10.2 million, or $0.24 per share, compared to net income of $11.7 million, or $0.27 per share, for the same period in 2003. The decrease in...
CNA Financial Notes Solid Q2 Numbers
Jul 29 2004 // Chicago-based CNA Financial Corp. announced second quarter of 2004 results. Net income for the second quarter of 2004 was $289 million as compared with net income of $70 million for the same quarter of 2003. The increase...
Cybersettle to Assist in Claims Handling for CNA
Jul 13 2004 // Cybersettle, an online settlement company, has been selected by CNA, as its online settlement partner to assist with the quick resolution of commercial insurance claims. CNA’s insurance products include standard...
