CNA

The executive is responsible for business including financial lines, healthcare, surety and warranty.

The insurer reported total P&C rate increases of 8% for the third straight quarter, down from the 13% gains in last year’s fourth quarter.

Improved expense and loss ratios helped to cut the combined ratio.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

Larry Haefner has been serving as CNA’s interim CFO since September, after the carrier said in August its former permanent CFO Al Miralles would leave the company for a position in the technology sector.

CEO Dino Robusto predicts favorable market conditions into 2022.

The Chicago insurer improved its Q3 combined ratio to 100%, reported 8% rate increases and grew GWP by 10%.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

The newcomers are finding it more difficult to disrupt the sector than they had expected.

The ransomware surge is likely to lead to changes in the product, a shake-up in market share and challenges for MGAs.

In his new role, Dieter Korte will be responsible for profitability, growth and strategic direction of CNA's middle-market business.

Texas-based InsurTech Overhaul has entered a strategic partnership with commercial P&C insurer CNA to mitigate cargo-theft risk within the trucking industry by way of Overhaul’s TruckShield technology.