CNA Hardy
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Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers. -
The suit is the latest in a series of Covid-19 BI legal actions hinging on aggregation brought against insurers.
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market.
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In his new role, Dieter Korte will be responsible for profitability, growth and strategic direction of CNA's middle-market business.
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Michael Costonis will assume the new position of global head of marketing, strategy and innovation.
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Firm CEO Dino Robusto revealed the news on its Q2 earnings call.
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The insurer said the attack impacted certain CNA systems, including corporate email.
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The recruit was named Axa XL’s financial lines CUO for the UK and Lloyd’s in an October management shake-up.
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The claims manager has also held senior roles at Navigators and Chubb.
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The insurer has a strategy of becoming a leading management liability insurer in the UK.
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Reserves in scope have not been finalised, but sources estimated the figure to be in the low hundreds of millions of dollars.
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The carrier began providing capacity to the MGA’s construction business through a consortium in 2014.
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