CNA is pleased to announce that after three years as Chief Operations Officer, Michael Costonis will take on a new role as CNA’s Global Head of Marketing, Strategy and Innovation. Costonis is backed by a very successful 26 year consulting career leading insurance companies to higher levels of performance and is fully equipped to help… Continue reading CNA Expands the Leadership Team Accelerating its Focus on Sophisticated Analytical Technologies and Business Innovation
Tag: CNA
IICF Northeast Division Taps CNA’s Jim Romanelli as New Chair
The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, today announces the appointment of Jim Romanelli, Senior Vice President, New York City Branch Manager at CNA, as Chair of IICF’s Northeast Division’s Board of Directors. Romanelli began his tenure at CNA more than nine years ago as… Continue reading IICF Northeast Division Taps CNA’s Jim Romanelli as New Chair
CNA Enhances Multinational Capabilities with CNA ComPass
Global businesses of all sizes are growing at an incredible pace. According to the McKinsey Global Institute, digital technologies are changing how business is done across borders and broadening participation — large multinationals attain global scale with new markets and suppliers, implementing new strategies for products, assets and the organization; small and medium-sized enterprises use… Continue reading CNA Enhances Multinational Capabilities with CNA ComPass
CNA to Use IVANS Markets to Drive Digital Distribution in Small Commercial
IVANS®, a division of Applied Systems®, has announced that CNA, one of the largest commercial property and casualty insurance companies in the United States, will use IVANS Markets® to support its national growth and distribution strategy. IVANS Markets enables CNA to instantly communicate its desired appetite details to the largest digital network of independent agents.… Continue reading CNA to Use IVANS Markets to Drive Digital Distribution in Small Commercial
CNA Financial Announces First Quarter 2019 Results
CNA Financial Corporation announced first quarter 2019 net income of $342 million, or $1.25 per share, and core income of $318 million, or $1.17 per share. Property & Casualty Operations combined ratio for the first quarter was 97.8% and the underlying combined ratio was 94.9%. Net investment income, after tax, was $465 million for the… Continue reading CNA Financial Announces First Quarter 2019 Results
Shift Technology Raises $60 Million to Detect Insurance Fraud
Paris-based Shift Technology has raised another $60 million funding round. Bessemer Venture Partners is leading the round and existing investors Accel, General Catalyst, Iris Capital and Elaia Partners are also participating. Shift Technology is all about detecting fraudulent insurance claims. There are 70 insurance companies around the world relying on its product, such as MACIF… Continue reading Shift Technology Raises $60 Million to Detect Insurance Fraud