Latest CNA Insurance Headlines
All the headlines from our CNA Insurance Topic Page, ordered by recency.
CNA Surety Downgraded
Dec 1 2003 // A.M. Best Co. downgraded the financial strength ratings to “A” (excellent) from “A+” (superior) of the members of Chicago-based CNA Surety Corporation Group. The outlook is negative. The rating...
CNA to Sell Benefits Business to Hartford
Dec 1 2003 // Chicago-based commercial lines insurer CNA Financial Corp. announced that it has entered into a binding agreement to sell its group benefits business to The Hartford Financial Services Group Inc. for about $500...
CNA Benefits Sale Doesn’t Affect S&P Rating
Dec 1 2003 // Standard & Poor’s Ratings Services said Chicago-based commercial lines insurer CNA Financial Corp.’s sale of its group benefits business to Hartford Financial Services Group Inc. was expected and will have...
CNA Names Small Business Unit Managers
Nov 20 2003 // Chicago-based commercial insurer CNA recently announced that Paul Nhem and Tom Gill will become partnering managers of its dedicated small business program unit. Nhem and Gill will partner with agencies to generate and...
Best Downgrades CNA Surety, Fitch Affirms CNA Financial Corp.
Nov 18 2003 // A.M. Best Co. has downgraded the financial strength ratings to “A” (excellent) from “A+” (superior) of the members of the Chicago-based CNA Surety Corp. Group. The rating outlook is negative. The...
Henry Pippins Jr. to Head CNA’s Small Biz Unit
Nov 17 2003 // Chicago-based insurer CNA Financial Corp. named Henry Pippins Jr. as senior vice president of its Small Business for Standard Lines unit, an $800 million business operation. Pippins previously served as vice president of...
CNA Posts $1.8 Billion 3Q Loss, Cut By Moody’s
Nov 13 2003 // Chicago-based insurer CNA Financial Corp. reported a net loss for the third quarter of 2003 of $1.8 billion, or $7.94 per share, as compared with net income of $54 million, or 24 cents per share, for the same period in...
Fla. PEO Files Counterclaim Against CNA
Nov 12 2003 // Fort Lauderdale, Fla.-based professional employer organization services provider Certified Services Inc. announced that its primary operating subsidiary, Cura Inc., has filed an answer and counterclaim against Continental...
Folksamerica Hires 22 Former CNA Re Execs for Chicago HQ
Oct 23 2003 // New York-based Folksamerica Reinsurance Co. announce that it has hired 22 former employees of CNA Reinsurance to staff its newly formed Chicago office. Folksamerica recently acquired the renewal rights to CNA Re’s...
CNA Exits Assumed Reinsurance Business
Oct 6 2003 // Chicago-based insurer CNA Financial Corp. announced that it agreed to sell the renewal rights for most of the treaty business of CNA Re, its assumed reinsurance business unit, to Folksamerica Reinsurance Co. Concurrently...
Fortin Joins CNA as Senior VP of Specialty Brokerage Unit
Oct 1 2003 // Chicago-based insurer CNA Financial Corp. announced that Daniel S. Fortin has joined CNA insurance companies as senior vice president of the specialty lines open brokerage unit within its property/casualty operation....
Zurich, CNA Announce Isabel Claims Centers
Sep 19 2003 // Zurich North American asks its commercial property insurance customers to contact them in one of the following ways to report a claim related to Hurricane Isabel: Phone: 1-800-987-3373 E-mail:...
CNA Sues Former Exec for Raiding Talent
Sep 11 2003 // Chicago-based insurer CNA has filed suit against a former executive it says violated an exit agreement not to hire away any employees for at least three years by luring away 11 top company executives to a competing firm,...
CNA Surety Announces $15 Million Loss on Claim
Sep 4 2003 // CNA Surety Corp. announced today that it recently received a claim notification on a $19.5 million insurance program bond. This commercial surety bond supports the credit obligations of a principal to a third party...
CNA Develops Three-in-One Approach to Non-Medical Insurance Coverage in Mass.
Aug 29 2003 // Chicago-based CNA announced a new approach to providing non-medical group insurance benefits to businesses of any size. The “Flexible Protection Plan(SM) enables Massachusetts employers to provide benefit funds in...
Fitch Downgrades CNA, Best Stands Still
Aug 8 2003 // A $308 million after-tax charge taken by Chicago-based carrier CAN Financial Corp.’s primary insurance subsidiaries have led to a downgrade by Fitch Ratings, while A.M. Best says its ratings had already taken into...
CNA Financial Reports Q2 Net Income of $70M; Reductions in Workforce to Occur
Aug 7 2003 // CNA Financial Corporation reported net income for the second quarter of 2003 of $70 million, or $0.25 per share, as compared with net income of $31 million, or $0.14 per share, for the same period in 2002. Net income for...
Reinsurance, Investments Sink CNA Profit 20%
Aug 5 2003 // Chicago-based carrier CNA Surety Corp. reported a second-quarter profit of $10.3 million, or 24 cents per share, down from last year’s second quarter profit of $12.9 million, or 30 cents per share. CNA attributed the...
Mitsui Sumitomo and CNA E&S Join Target Markets
Aug 1 2003 // The Target Markets Program Administrators Association announced the membership of two new carrier partners. Mitsui Sumitomo and CNA E&S will be joining a growing list of Carrier Partners in the Target Markets Program...
CNA Opens Center to Process Claudette Claims
Jul 21 2003 // The Chicago-based CNA insurance companies have opened a catastrophe operations center within its Dallas, Texas, branch office for policyholders who would like to submit claims relating to Hurricane Claudette. The...
