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| 16/08/2008 |
| CNA INSURANCE IMPLEMENTS GROWTH PLANS ACROSS EUROPE |
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• 34 new staff in 2008
• Appointments form the bedrock of 5 year growth strategy
• Further appointments to be announced
CNA Insurance has appointed 34 new staff in 2008 as part of an ambitious five year, European wide growth strategy. Appointments have been made across various offices and business lines. Teams in London, Manchester, Milan, Copenhagen, Paris, Cologne, Amsterdam and Brussels have all been strengthened by new joiners and have bolstered the company’s Marine, Property, Professional Indemnity, Director’s & Officer’s, Casualty, Financial Lines and, most recently, HealthPro and Renewable Energy business lines.
Julian Enoizi, CEO of CNA Insurance said: “We have been quite open about our growth ambitions across Europe. Our aim is to become a major specialist insurer by 2013. A large part of achieving that will rely on getting the right staff. We’ve looked to make big changes in the way we run our business and this has required bringing in top quality personnel. We now have a solid team ready to progress our plans.
“With the team we have now assembled it is clear that CNA has market leading expertise within its ranks. We look to hire people who are not just experts at insurance, but also experts in the fields they underwrite. We have engineers to explain the risks involved with Renewable Energy, doctors and nurses to help us with the risks involved within the Healthcare sector and many other leading thinkers in their fields.”
The most recent appointment, that of Kevin McIntosh as a Medical Malpractice underwriter in the London office, was particularly significant according to Mr. Enoizi: “Bringing in Kevin has underlined our position in the Medical Malpractice market. As part of our flagship HealthPro range, medical malpractice is an exciting growth area that we have identified. Kevin’s appointment will help us further develop in this sector.”
-Ends-
Notes for Editors:
CNA Insurance Company Limited, owned by CNA Financial Corporation (NYSE: CNA), is the seventh largest commercial underwriter and the 13th largest property and casualty company in North America.
CNA has the capability to write business in over 14 countries across Europe with operations in Belgium, Denmark, France, Germany, Ireland, Italy, Malta, Spain, Sweden, Switzerland, The Netherlands and the United Kingdom. CNA has over 100 years of business behind them, over 10,000 employees worldwide and $60.3 billion in assets.
CNA’s specialty insurance products include Advanced Medical Technology, Business Travel, Construction, Commercial Crime, Directors' & Officers’ Liability, Employers’ Liability, Employment Practices Liability, Financial Institutions, Freight Liability, General Liability, Group Personal Accident, Marine Cargo and Throughput, Medical Professional Liability, Pension Trustee Liability, Professional Indemnity, Property, Renewable Energy and Technology.
CNA's services include risk management, information services, underwriting, risk control and claims administration.
Authorised and Regulated by the Financial Services Authority, CNA is a registered service mark, trade name, and domain name of CNA Financial Corporation.
Visit CNA at www.cnaeurope.com or www.cna.com.
Media Contact:
Jane Bray, Marketing Manager – Tel +44 (0)20 7954 9402
Paul Crayston, Lansons Communications – Tel +44 (0)20 7294 3632, paulc@lansons.com
FORWARD-LOOKING STATEMENT:
This press release may include statements which relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. You can identify forward-looking statements because generally they include words such as “believes”, “expects”, “intends”, “anticipates”, “estimates”, and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties please refer to CNA’s filings with the Securities and Exchange Commission, available at www.cna.com.
Any forward-looking statements made in this press release are made by CNA as of the date of this press release. CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA’s expectations or any related events, conditions or circumstances change.
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