CNA Announces Sale of Surety Company & Agency to California Contractors Insurance Services

Thu Dec 27, 2012 1:00pm EST

* Reuters is not responsible for the content in this press release.

CHICAGO--(Business Wire)--
CNA Financial Corporation (NYSE: CNA) today announced that it has completed the
sale of SUR Insurance Agency, Inc. (SUR) and The Bond Exchange (TBE) to
California Contractors Insurance Services (CCIS) effective December 14, 2012. 

"The Bond Exchange has been a successful operation of CNA for many years, and
their unique approach, reputation, and success in the surety marketplace
compliments CCIS`s excellent reputation," said John Welch, President - CNA
Surety. "TBE remains a key producer for CNA, and we expect to continue our
long-standing relationship for years to come." 

Western Surety, a wholly owned subsidiary of CNA and seller of SUR Insurance
Agency, will retain certain of the business lines that were previously sourced
from SUR. This business will be seamlessly transitioned to CNA Solutions, an
insurance agency and wholly owned subsidiary of CNA. CNA will continue to offer
CNA Solutions as an alternative for placing business for agents and brokers who
lack specific state licenses. 

Based in Sacramento, California Contractors ( has been
assisting licensed contractors with their bond and insurance requirements since

Serving businesses and professionals since 1897, CNA is the country`s seventh
largest commercial insurance writer and the 13th largest property and casualty
company. CNA`s insurance products include standard commercial lines, specialty
lines, surety, marine and other property and casualty coverages. CNA's services
include risk management, information services, underwriting, risk control and
claims administration. For more information, please visit CNA at"CNA" is a service mark registered by CNA Financial Corporation with
the United States Patent and Trademark Office. Certain CNA Financial Corporation
subsidiaries use the "CNA" service mark in connection with insurance
underwriting and claims activities. 

Follow CNA on: Facebook | Twitter

CNA Financial Corporation
Jennifer Martinez, 312-822-5167
Sarah Pang, 312-822-6394 

Copyright Business Wire 2012
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.