CNA Q1 reserve charge linked to exited London PL book: CEO Robusto
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CNA Q1 reserve charge linked to exited London PL book: CEO Robusto

Jairo Ibarra
May 01, 2023
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CNA Financial’s Q1 unfavorable reserve development was related to a professional liability book the insurer exited “several years ago as part of our re-underwriting actions in our London portfolio,” according to CEO Dino Robusto.

On a call with analysts, CFO Scott Lindquist said that in the quarter, CNA’s specialty division had unfavorable claims settlements in older accident years from its healthcare portfolio that were offset by reserve releases in other parts of the...

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News CNA Earnings
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Jairo Ibarra
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