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If the deal is finalized, it will represent the largest in the acquirer’s history. -
A quick roundup of our best journalism for the week.
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The 2025 State of the Market report also touched on E&S and MGA growth.
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The move follows a $4.5bn+ debt and preference share refinance in September.
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The decision reflects CNA’s “consistently positive” operating performance.
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It estimated insured losses from nat cats on track to exceed $135bn in 2024.
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The firm’s trajectory could, however, make it harder to meet guidance going forward.
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Richard Winborn joins as president, while Patrick Mitchell takes on the COO role.
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The carrier attributed the intensification of storms this season to climate change.
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Adam Garrard will cover his responsibilities on an interim basis.
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The MGA secured backing from buyout heavyweight KKR in March 2021.
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The firm said the UK hub demonstrates its commitment to expanding in Europe.
