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CNA Financial Corp. Completes Acquisition Of Hardy Underwriting Bermuda Ltd.


Monday, 2 Jul 2012 01:32pm EDT 

CNA Financial Corp. and Hardy Underwriting Bermuda Limited ("Hardy") announced the completion of CNA Financial`s acquisition of Hardy. CNA Financial paid approximately $230 million to purchase Hardy. As a wholly owned, indirect subsidiary of CNA Financial, Hardy will continue to operate under its own brand and its existing leadership team. The acquisition by CNA Financial of Hardy was approved by Hardy shareholders in April 2012. Regulatory approvals for the transaction, including from Lloyd`s and the UK Financial Services Authority, have been obtained. 

Company Quote

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17 Apr 2014