CNA Q1 reserve charge linked to exited London PL book: CEO Robusto
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

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

Jairo Ibarra
May 01, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Aerial view of downtown Chicago

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...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsCNAEarnings
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article