CNA Hardy
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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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P&C rate growth accelerates to 4 percent from 1 percent.
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Jeremy Winter succeeds Steve Wachtel, who is retiring after a 40-year career in insurance.
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Jose Ramon Gonzalez will report directly to chairman and CEO Dino Robusto.
