CNA

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.

Miralles will leave the company in September and will transition to a career in technology.

Michael Costonis will assume the new position of global head of marketing, strategy and innovation.

The company added a new property quota share treaty at June 1, which reduced net written premiums in the quarter by $122mn.