Latest CNA Insurance Headlines
All the headlines from our CNA Insurance Topic Page, ordered by recency.
CNA Makes Cargo Insurance More Accessible to Freight Forwarders
Jul 14 2003 // Chicago-based CNA insurance companies has integrated the OMMni.com cargo system of its marine operations with Fountainhead International LLC’s CargoWise® software solution to provide an integrated cargo insurance...
John Welch Joins CNA Surety as CEO
Jun 18 2003 // John F. Welch will join Chicago-based CNA Surety as president and chief executive officer, Board Chairman James R. Lewis has announced. Welch succeeds Mark C. Vonnahme, who announced his retirement earlier this year. Welch...
CNA Takes $49 Million Charge On 1995 Property Loss
Jun 2 2003 // Chicago-based CNA Financial Corp. announced that its specialty lines segment expects to record an after-tax charge of approximately $49 million in the second quarter of 2003 in connection with a recent adverse arbitration...
CNA Provides Big Opportunity for Small Business
May 30 2003 // Chicago-based CNA says it is creating opportunities for agents in Small Business with its people, services, technology, broad appetite, underwriting excellence, comprehensive products and programs, and targeted classes for...
CNA 1stQ Profit Up 315% From 2002
May 8 2003 // Chicago-based commercial lines leader CNA Financial Corp. reported first-quarter net income of $83 million, or 30 cents per share, up 315 percent from $20 million, or 9 cents per share, in the first quarter of 2002. Net...
CNA Surety Profit Down 9% From Year Ago
May 6 2003 // Chicago-based CNA Surety Corp. reported that net income for the first quarter of 2003 was $9.6 million, or 22 cents per share, down 9 percent from a year ago’s $10.6 million, or 25 cents per share. This decrease...
CNA Financial Corp. Affirmed
May 5 2003 // S&P’s affirmed its “BBB-/A-3” counterparty credit rating on CNA Financial Corp. and its “A-” counterparty credit and financial strength ratings on CAN’s insurance subsidiaries after...
CNA to Sell Part of RSKCo to Cunningham Lindsay
Apr 4 2003 // Chicago-based commercial insurer CNA Financial Corp. has signed a binding agreement to sell a portion of the business of its subsidiary, RSKCo, to Cunningham Lindsey, a subsidiary of Lindsey Morden Group Inc. The...
CNA Lowers Earnings $32 Million After SEC Complaints
Mar 19 2003 // Chicago-based CNA Financial Corp. has revised its net 2002 profit $32 million lower in response to complaints from the SEC about the timing and accounting of investment losses, according to a statement released by the...
Gerling Owes CNA $600 Million
Mar 13 2003 // CNA Financial Corp. announced that as of Dec. 31, 2002, its property and casualty insurance subsidiaries have about $600 million of reinsurance receivables due from Gerling-Konzern Allgemeine Versicherungs AG and its...
AXCESS Secures Through CNA’s Western Surety Selects PriceWaterhouseCoopers, LLP as Auditor
Mar 12 2003 // AXCESS Secures Through CNA’s Western Surety Selects PriceWaterhouseCoopers, LLP as Auditor NEW YORK / EWORLDWIRE / March 12, 2003 — AXCESS Insurance announced today that the company has secured Fidelity...
AXCESS Secures Through CNA’s Western Surety Selects PriceWaterhouseCoopers, LLP as Auditor
Mar 12 2003 // AXCESS Insurance announced today that the company has secured Fidelity Insurance Coverage through Western Surety. A division of CNA Surety (NYSE: SUR), Western Surety is an AMBest “A+” Rated insurance company...
S&P Lowers CNA Surety Ratings, Sees Growth for P/C Companies
Feb 13 2003 // The Standard & Poor’s ratings of CNA Surety Corp. subsidiaries Western Surety Co. and Universal Surety of America have been lowered from ‘A’ to ‘A-.’ In addition, Standard &...
CNA Surety Earns $8 Million in Fourth Quarter
Feb 12 2003 // Improved underwriting income helped CNA Surety Corp. score a net income of $2.6 million, or 6 cents per share, for the fourth quarter of 2002 compared to $600,000, or 1 cent per share, in 2001. Net operating earnings for...
CNA Surety’s CEO Will Retire Within a Year
Feb 11 2003 // CNA Surety Corp. CEO Mark C. Vonnahme will retire from the company within a year, ending his 30-year career with the Chicago-based CNA Finacial Corp. The search process is underway to replace Vonnahme, who in 1997 led the...
CNA Sells Renewal Rights for Marine ‘Blue Water’ to Arch
Jan 30 2003 // Chicago-based CNA Financial Corporation announced the sale of the renewal rights of its book of hull and liability insurance business for ocean-going vessels in both London and the United States to the Arch Insurance...
St. Paul, CNA Expect Minimal Impact from Enron Settlement with JP Morgan Chase
Jan 3 2003 // Following the announcement that the billion dollar surety case between JP Morgan Chase and 11 insurance companies over Enron related transactions had been settled, both The St. Paul and CNA issued statements indicating...
CNA Financial Completes Sale of $750 Million of New Preferred Stock to Loews
Dec 20 2002 // Chicago-based CNA Financial Corporation announced that it has completed its previously announced plan to sell $750 million of a new issue of preferred stock, called Series H Cumulative Preferred Stock, to Loews...
CNA Surety Announces Debt Repayment
Dec 3 2002 // CNA Surety Corporation reported that it has repaid or extended a $15 million revolving credit loan that was due on November 30, 2002, which was guaranteed by the company’s parent, CNA Financial Corp. It repaid $11...
A.M. Best Affirms Debt Ratings on CNA and Subsidiaries
Nov 22 2002 // A.M. Best Co. announced that it has affirmed various financial strength ratings on the wholly-owned insurance subsidiaries of CNA Financial Corporation, and the “bbb” debt rating on the parent’s existing...
