Hints and tips:
...As his New York trial got under way this week, Bankman-Fried filed a legal complaint against a unit of Chicago-based CNA, saying that the company had not paid out on directors and officers insurance intended...
...Last year US-based CNA and Paris’s Axa were targeted. Ransomware attacks occurred every 11 seconds in 2021, according to Cybersecurity Ventures....
...Insurers including CNA Hardy and Pioneer have ceased writing renewable energy business and begun to run off their accounts, according to a survey by Willis Towers Watson, a broker....
...Luxembourg has been the most popular destination, attracting six insurers including Chubb’s US rival AIG, UK-based RSA and CNA Hardy....
...Liberty Mutual, CNA Financial and Equitas, the vehicle set up to take on liabilities that nearly brought down the Lloyd’s of London market in the 1990s, have also passed on risks to the group....
...The latest transaction comes a month after the insurance credit rating agency AM Best warned that insurers faced an additional $15bn of losses from asbestos in the coming years....
...She will be replaced by David Brosnan, senior vice-president of CNA’s international division....
...Hardy was advised by Rothschild and Peel Hunt, and CNA by Aon Benfield....
...The company last year expressed interest in buying rival Hardy Underwriting, which was acquired by US insurer CNA Financial....
...The agreement comes after CNA Financial of the US unveiled plans in March to buy Hardy Underwriting, another small Lloyd’s insurer....
...The proposed tie-up comes after CNA Financial of the US unveiled plans last month to buy Hardy Underwriting, another small Lloyd’s insurer....
...In a recent example of a successful bid for a smaller insurer, CNA Financial of the US last month agreed to pay £143m for Hardy Underwriting, a Lloyd’s of London company that was among the hardest hit by...
...The run-off industry is obscure, even to most people in insurance....
...Loews , the US insurance and property group, was hit by higher catastrophe losses and lower income from its biggest holding, CNA Financial....
...Mr Buffett uses insurance to gather financial firepower for its investments....
...Elsewhere, Lowe’s fell 2 per cent to $16.85 after the diversified conglomerate’s third-quarter earnings slid into the red, hit by losses at its CNA insurance division, in which Lowe’s said it would inject...
...Loews is a diversified financial corporation which runs tobacco company Lorrillard, maker of Newport and Kent cigarettes; CNA Financial Corporation, the casualty insurance company; luxury lodgings in Loews...
...“There is no insurance, no government subsidy, and little hedging,” says Getulio Pernambuco, chief economist with CNA. Many farmers say they lack the capital requirements to buy futures contracts....
...According to the complaint, the Zurich bid was declared victorious after Marsh deliberately submitted a losing bid on behalf of CNA, a rival insurer. The bid had never been authorised by CNA....
...Admin Re has already spent SFr1.4bn on the closed life book of CNA Financial of the US and the UK's Life Assurance Holding Company....
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