CNA

CNA Hardy hands Carl Day active underwriter role

CNA Hardy has named Carl Day as Active Underwriter of Syndicate 382, taking on the role from Patrick Gage.

CNA adds to upbeat Q3 US casualty rates theme

CNA Financial has become the latest US insurer to highlight the improving picture of US casualty after years of negative rates and creeping loss inflation.

CNA shares spike on back of Q3 earnings beat

Shares in CNA Financial were trading up around 9 percent this morning in New York as investors reacted positively to news that the firm had beaten Wall Street predictions in its third quarter results.

CNA beats expectations in third quarter

The carrier comfortably exceeded the $1.07 forecast by six analysts surveyed by MarketWatch to deliver a net income of $1.23 per share in the three-month period.

Occam bolsters management team following departures

Occam Underwriting – formerly Sciemus – has made two appointments to build out its management team following a series of exits from the company this year.

Antares names CNA Hardy’s Taylor next head of specialty

Lloyd’s insurer Antares has appointed the former CNA Hardy head of specialty John Taylor to lead its specialty business.

CNA Hardy merges specialty and healthcare business units

CNA Hardy has created a new business unit comprising existing healthcare and specialty line products across both the company and Lloyd’s market.

CNA posts Q1 combined ratio of 93.1 percent

CNA Financial Corp (CNA), the eighth largest commercial insurer in the US, saw its net income for the first quarter 2018 climb by 12 percent from $260mn in the first quarter of 2017 to $291mn, fuelled by improving loss and expense ratios and a growing top line.`

Mense to retire from CNA at year end

CNA finance chief Craig Mense will step down from his role at the end of 2018 after nearly 15 years at the firm, the company announced today.

CNA swoops on AIG for global reinsurance exec

CNA has named Mark James as senior vice president for global reinsurance.

Investors take decisive action in response to Q4 results

Investors were quick to punish carriers that underperformed in a fourth quarter that was plagued by California wildfire losses as they decisively rewarded firms that exceeded expectations in results released last week.

UPDATE: CNA climbs 5% after reserve releases help Q4 beat

CNA shares have surged over 5 percent in early trading in New York after the firm delivered a $286mn fourth quarter profit as the group’s $38mn of catastrophe losses was more than offset by reserve releases.