Profile: CNA Financial Corp (CNA.N)
CNA Financial Corporation, incorporated on September 8, 1967, is an insurance holding company. The Company's segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The Company's insurance products primarily include commercial property and casualty coverages, including surety. Its services include risk management, information services, and warranty and claims administration. The Company's property and casualty, and life and group insurance operations are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company, Western Surety Company, CNA Insurance Company Limited and Hardy Underwriting Bermuda Limited and its subsidiaries (Hardy).
The Company's Specialty segment provides an array of professional, financial, and specialty property, and casualty products and services, through a network of independent agents, brokers and managing general underwriters. The Specialty segment includes the business groups, such as management and professional liability, surety, and warranty and alternative risks. Its management and professional liability group provides management and professional liability insurance and risk management services, and other specialized property and casualty coverages. This group provides professional liability coverages to various professional firms, including architects, real estate agents, accounting firms, law firms and other professional firms. Its management and professional liability group also provides directors and officers (D&O), employment practices, fiduciary and fidelity coverages. Its specific areas of focus include small and mid-size firms, public, as well as privately held firms and not-for-profit organizations. Products within management and professional liability group are distributed through brokers, independent agents and managing general underwriters.
The Company's management and professional liability group, through CNA HealthCare, offers insurance products to serve the healthcare industry, which include professional and general liability, as well as associated standard property and casualty coverages. The Company, through the surety group offers small, medium and large contract and commercial surety bonds. Surety group provides surety and fidelity bonds in over 50 states through a network of independent agencies and brokers. Warranty and Alternative Risks group provides extended service contracts and related products that provide protection from the financial burden associated with mechanical breakdown and other related losses, primarily for vehicles and portable electronic communication devices. The Commercial segment includes property and casualty coverages sold to small businesses and middle market entities and organizations primarily through an independent agency distribution system. Commercial segment also includes commercial insurance and risk management products sold to corporations primarily through insurance brokers. Its property products include standard and excess property, marine and boiler, and machinery coverages. Its casualty products include standard casualty insurance products, such as workers' compensation, general and product liability, commercial auto and umbrella coverages. These property and casualty products are offered as part of its middle market, small business and other commercial insurance groups.
The Company's International segment provides management and professional liability coverages, as well as a range of other property and casualty insurance products and services abroad through a network of brokers, independent agencies and managing general underwriters, as well as the Lloyd's of London (Lloyd's) marketplace. The International business is grouped into business units, such as energy and marine, property, casualty, specialty, and healthcare and technology. The International business is managed across over three territorial platforms, such as Canada, CNA Europe and Hardy. Canada provides standard commercial and specialty insurance products, primarily in the marine, oil and gas, construction, manufacturing and life science industries. CNA Europe provides a range of specialty products, as well as commercial insurance products primarily in the marine, property, financial services, and healthcare and technology industries throughout Europe. Hardy operates through Lloyd's Syndicate 382 underwriting primarily short-tail exposures in energy, marine, property, casualty and specialty lines. The Life & Group Non-Core segment primarily includes the results of its individual and group long term care businesses. Its Corporate & Other Non-Core segment primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business, including CNA Re, and asbestos and environmental pollution (A&EP).
CNA Financial Corp
333 S Wabash Ave
CHICAGO IL 60604-4107
Company Web Links
- BRIEF-CNA Financial appointed Song Kim vice president, Orange County and San Diego branches
- BRIEF-CNA Financial reports third quarter 2016 results
- BRIEF-Dino Robusto to assume role of CNA Chairman, CEO on Nov 21
- Fitch Affirms CNA's Ratings; Outlook Stable
- BRIEF-CNA Financial appoints Rick Childs vice president