CNA Financial Corp. is making a big push to grow its specialty lines business in Canada.
The commercial insurer, which has Loews Corp. as a majority owner, said CNA Specialty will start accepting submissions for management liability and professional liability in the country.
Coverage options will be available for directors & officers liability, technology and telecommunications liability, employment practices liability, fiduciary liability, crime, miscellaneous professional liability, and healthcare.
CNA said its specialty lines business is worth $2.9 billion. Its bid to grow specialty coverage in Canada reflects a push to become more multinational, CNA Canada President and Chief Operating Officer John Hennessy said in prepared remarks.
“This announcement represents our overall strategy to serve the unique and expanding needs of multinational customers,” Hennessy said.
CNA said it is North America’s 8th largest commercial insurance writer and the 13th largest property/casualty writer.
Source: CNA