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| 05/06/2008 |
| CNA Insurance announces major healthcare sector initiative |
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• New protection for Advanced Medical Technology
• Cover for healthcare professionals included in the new range
CNA Insurance, a leading global specialist healthcare insurer, is launching a tailored, comprehensive range of healthcare products as part of the flagship CNA HealthPro range.
CNA HealthPro will offer:
• Product Liability, Clinical Trials Liability and Professional Indemnity coverage to medical device manufacturers, boutique pharmaceutical companies and biotechnology firms
• Medical Professional Liability coverage may also be added where there is exposure.
CNA has identified a considerable need for improved protection in the fast moving advanced medical technology sector.
Rhonda Buege, CNA Underwriting Director for the healthcare sector says, “We understand the importance of continuing to innovate our product range to meet the ever changing needs of this dynamic sector. Research, has given us detailed insight into the requirements of the European healthcare sector. This, combined with 40 years of experience of servicing the healthcare sector in the US has enabled us to develop a range of new solutions for a wide array of healthcare providers and organisations.
“Our new policy wordings were developed to meet the specific needs of this complex sector.”
The HealthPro business unit also provides Medical Professional Liability and Public Liability service to a broad range of hospitals and allied healthcare treatment facilities including clinics, imaging facilities, dialysis centres and surgery centres.
Medical Professional Liability and Public Liability cover is also available for the care services sector; care homes, domiciliary care and nurse staffing.
CNA is currently providing this coverage for UK organisations with plans to expand throughout Europe. European domiciled Healthcare organisations with U.S. exposures can also be protected, regardless of the amount of U.S. exposure.
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 specialist 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, CNA Europe 020 7954 9402
Paul Crayston, Lansons Communications, PaulC@lansons.com, 020 7294 3632
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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