CNA Hardy
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Canada chief Nick Creatura joins the executive leadership team.
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Chris Gamber is set to join the company as a class underwriter in the healthcare team.
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Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.
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Al Miralles takes up the post following the departure of James Anderson.
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Larry Haefner will retire from his post at the end of December.
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The Chicago-headquartered insurer’s share price rose to $50.81 by the close of trading Monday.
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An improved expense ratio and fewer cat losses partially offset the decline at the Dino Robusto-led carrier. -
The rate rises followed a slew of high profile class actions and derivative lawsuits against US public firms.
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Al Miralles, who served as chief risk officer since 2017, has been appointed president of CNA Warranty.
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The withdrawals are part of ongoing efforts to redeploy capital away from underperforming lines of business.
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The experienced underwriter helped launch the carriers Lloyd’s healthcare offering.
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The second quarter rate uptick compares to low single digit increases achieved in the prior year period.
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