Latest CNA Insurance Headlines
All the headlines from our CNA Insurance Topic Page, ordered by recency.
People Moves: CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Mgmt Liability; Aon Strengthens Capital Advisory Unit to Drive Legacy Reinsurance Growth
Aug 25 2022 // CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Management Liability Team CNA Hardy has appointed Edward Crew as senior technical underwriter, and Oliver Devenish, as underwriter, to the London/Lloyd’s...
People Moves: Liberty Mutual Names Former CNA Exec as President, GRS N. America; AXA XL Boosts Cyber Insurance Team in N. America With 3 Hires
Aug 22 2022 // Liberty Mutual Names Former CNA Exec as President, GRS North America Liberty Mutual Insurance announced the appointment of Kevin Smith as president of Global Risk Solutions (GRS) North America. Reporting to GRS President...
CNA Hardy Online Raises Attachment Points for Excess-of-Loss Cover to £150M
Aug 9 2022 // CNA Hardy, the specialist commercial insurer that writes business within the Lloyd’s and company markets, announced increased flexibility in the attachment points available from its online excess-of-loss platform. By...
Hartford, CNA Post Drops in Q2 Net Income
Aug 2 2022 // 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...
People Moves: IAT Group Welcomes CNA’s Bendick; NFP Adds WTW’s Clarke to Energy Team
Mar 9 2022 // IAT Welcomes Bendick to Claims Operations IAT Insurance Group in Connecticut is welcoming Heidi Bendick as senior vice president of Claims Operations. Bendick joins IAT Insurance from CNA where she was vice president of...
CNA Q4 Net Income Drops but Increases 74% for Full Year 2021
Feb 7 2022 // 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...
Lessons from Ransomware Payments by CNA, JBS and Colonial Pipeline
Dec 6 2021 // In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by...
Memo Cites Lessons from Ransomware Payments by CNA, JBS and Colonial Pipeline
Nov 29 2021 // In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by...
CNA Boosts Q3 Profit Despite Catastrophes; Sees ‘Favorable’ 2022 Ahead
Nov 3 2021 // Continued rate hikes helped boost CNA Financial’s 2021 third quarter net income, even as the Chicago-based commercial and specialty property/casualty insurer dealt with higher net catastrophe losses and lower net...
People Moves: Korte Named Sr. VP at CNA; Stephan Joins The Plexus Groupe; Ryan Specialty Group Adds Behren
Aug 19 2021 // 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...
Swiss Re Hires CNA’s Stephenson to Lead Casualty; Richards Named CEO UK & Ireland
Aug 18 2021 // Swiss Re announced changes in the leadership of its Reinsurance Business Unit. Effective Jan. 1, 2022, Jason Richards will become country president and CEO UK & Ireland. He will be succeeded by Julie Stephenson as...
CNA Overcame Cyber Attack to Finish Strong in Q2
Aug 2 2021 // CNA Financial Corp. (CNA) announced second quarter 2021 net income of $368 million versus $151 million in the prior year quarter. The quarter saw improvement in the underlying combined ratio, very strong investment results...
CNA Paid $40 Million in Ransom After March Cyber Attack
May 21 2021 // CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge of the attack. The...
People Moves: 2 From Willis to Lead Marsh Government Practice; CNA’s Robb Heads BHSI’s Cyber
Apr 20 2021 // Insurance broker Marsh announced that Steven Capace and Bryan Salek have joined the firm to co-lead its U.S. Government Contracting Practice. In this dual leadership role, Capace and Salek will head a team responsible for...
CNA Central, CNA Surety Now Back Online; Work on Other Portals Continues
Apr 6 2021 // CNA Insurance said it continues to make progress in restoring its operations following a March 21 cyber attack. Today it announced that cna.com, including CNA Central and cnasurety.com, are back online. This means that...
CNA Says Email Now Safe As Cyber Attack Recovery Progresses
Apr 5 2021 // CNA Insurance expects its corporate email and other functions to be fully operational soon as it continues its recovery efforts following a March 21 cyber attack. In an April 1 security update, the company said it is now...
Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack
Mar 29 2021 // CNA Financial Corp.’s financial ratings have not been affected by the insurer’s recent cyber attack. AM Best, S&P Global Ratings and Fitch Ratings all affirmed their current ratings and outlooks for CNA and...
Insurer CNA Reports It Has Been Hit by ‘Sophisticated’ Cyber Attack
Mar 24 2021 // Commercial lines insurer CNA reported that it has sustained a “sophisticated cybersecurity attack” that caused a network disruption and impacted certain CNA systems, including corporate email. Upon learning of...
CNA’s Cyber Risk Services Program, CNA CyberPrep, Launched in Canada
Mar 5 2021 // CNA announced that CNA CyberPrep, a proactive cyber risk services program, has been launched in Canada. Already available to CNA’s customers in the United States, CNA CyberPrep helps cyber policyholders with threat...
Rate Hikes Boost CNA in Q4
Feb 9 2021 // CNA Financial Corp. benefited significantly from rate hikes and premium growth in Q4, reporting more than $387 million in net income versus $273 million the year before. Net income per share during the quarter reached...
