Reinsurance News
CNA
CNA Financial sees $403m net income and record $409m core income in Q3’25
3rd November 2025
Chicago-based insurer CNA Financial Corporation has announced its financial results for the third quarter of 2025, reporting an increased net income of $403 million, 40% growth in core income and an improved Property & Casualty combined ratio of 92.8%. This year’s Q3 net income compares to the $283 million reported in ... Read the full article
CNA makes key leadership changes aimed to enhance underwriting capabilities
19th August 2025
Chicago-domiciled insurer CNA Financial Corporation has announced several leadership changes to enhance its underwriting capabilities, including the appointment of David Haas as President of Global Specialty. In his new role, Haas will oversee Financial Lines, Healthcare, Affinity and Warranty. A seasoned executive at CNA, Haas is known for his strong leadership ... Read the full article
CNA Financial’s Q4’24 net income impacted by pension settlement
10th February 2025
Chicago-based insurer CNA Financial Corporation reported a net income of $21 million for the fourth quarter of 2024, a lower figure compared to the $367 million reported during the same period in 2023. According to the insurer, the quarter’s net income includes $290 million after-tax loss from a previously announced pension ... Read the full article
CNA Financial P&C CoR impacted by cat losses in Q3’24
4th November 2024
Chicago-domiciled insurer, CNA Financial Corporation has reported a net income of $283 million for the third quarter of 2024 compared to the $258 million seen in the comparative prior year quarter. The insurer also reported its P&C segment saw its core income increase to $346 million in the quarter, compared to ... Read the full article
CNA joins Euclid Transactional’s North American program
7th June 2024
Euclid Transactional, a managing general agent (MGA) specialising in transactional insurance underwriting and claims handling, has announced that CNA has joined its North American transactional insurance program. CNA has been part of Euclid Transactional's Europe, Middle East, and Africa program since early 2022. This expansion into the North American program reflects CNA's ... Read the full article
CNA Financial names Worman CEO, Robusto transitions to Exec Chairman
6th June 2024
Chicago-domiciled insurer, CNA Financial Corporation, has promoted Doug Worman, currently the Executive Vice President & Global Head of Underwriting to President and Chief Executive Officer (CEO), effective January 1, 2025. Simultaneously, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA's Board of ... Read the full article
CNA Financial posts $338m net income in Q1, P&C CR hits 94.6%
7th May 2024
In their results for the first quarter of 2024, CNA Financial Corporation has reported a net income of $338 million, compared to a net income of $297 million in the prior year quarter. The firm's property & casualty (P&C) segments produced core income of $372 million for Q124, representing an increase ... Read the full article
CNA sees net income increase to $367m in Q4 2023
5th February 2024
Chicago-based insurer CNA Financial Corporation has published its financial results for the fourth quarter of 2023 reporting a net income of $367 million, a 54% increase compared to the $239 million in the prior year quarter. Net investment gains for the quarter were $5 million compared to net investment losses of ... Read the full article
CNA appoints Franzetti as Chief Administrative Officer
19th June 2023
CNA, a commercial property and casualty insurer, has announced the appointment of Dan Franzetti to the newly created position of Chief Administrative Officer. In his new role, Franzetti will have oversight for a broad set of enterprise strategic functions including the global claims and legal organisations, compliance, government relations and a ... Read the full article
CNA Financial sees P&C core income rise to $1.2bn in full-year results
6th February 2023
CNA Financial Corporation has reported that full-year net income totalled $894 million, compared with $1.2 billion from 2021. Core income for the full year also totalled $1.0 billion, compared to last years $1.1 billion. The firms property & casualty (P&C) core income for the full year was $1.2 billion, compared to 2021’s ... Read the full article
CNA names Goldman SVP, Financial Lines & Healthcare
7th December 2022
CNA, a provider of commercial property and casualty insurance, has appointed Steve Goldman as Senior Vice President, Financial Lines and Healthcare. Goldman brings to CNA more than two decades of underwriting and risk management experience, serving in various leadership positions at AIG, ACE and Chubb. Earlier Monday, Chubb named Michael Mollica ... Read the full article
Top 20 U.S. cyber insurers all saw premium growth in 2021
6th October 2022
Of the approximately $4.8 billion of U.S. cyber insurance premiums underwritten in 2021 by the property & casualty (P&C) industry, more than 81% came from the top 20 cyber insurers in the U.S. marketplace, led by global insurer Chubb. Based on research data from rating agency AM Best, ... Read the full article
CNA’s 2021 P&C combined ratio the lowest for five years
7th February 2022
CNA Financial Corporation has reported a rise in net income for both the fourth quarter and full year 2021, as the company's property and casualty (P&C) segment produced its strongest combined ratio for five years. Net income jumped significantly in the final quarter of 2021 to $266 million from $38 million ... Read the full article
CNA Exec VP & CFO Al Miralles resigns, search for successor underway
13th August 2021
Chicago-based insurer CNA has announced the resignation of Executive Vice President and Chief Financial Officer Al Miralles and says the process of identifying a suitable successor is underway Miralles notified CNA of his intention to leave the insurance industry and transition to a career in the technology sector. The insurer tapped Larry ... Read the full article
CNA paid $40mn ransom to resolve March cyber attack
21st May 2021
US insurer CNA is reported to have paid a $40 million ransom last March as the company attempted to regain control over its network and meet the demands of a highly organised cybercrime syndicate. The hackers had been successful in infecting CNA’s network with a type of malware known as ransomware, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
