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CNA Select Risk Announces Investments in Its Transportation Unit

CHICAGO, Apr 09, 2010 (BUSINESS WIRE) --CNA Select Risk - which includes Excess & Surplus business, as well as Wholesale Property accounts - announces new investments in its Transportation unit. Reinforcing a strategy announced last year to expand its underwriting appetite and identify new industry specializations to best meet the needs of CNA Select Risk customers, the Transportation unit features a newly-created Center of Excellence in Atlanta and a focus on innovatively writing new types of risks.

The Center of Excellence houses all transportation experts in one location, enabling the Transportation unit to maximize efficiencies and feature one point of contact for its distribution partners. The unit has also added five new, experienced transportation underwriters who each bring unique relationships and underwriting acumen to the team.

In addition, the unit is working to meet the needs of its distribution partners and clients by continuing to focus on a range of related risk opportunities such as specialty auto, public transportation and trucking. It is also writing new types of risks such as: Intermodal business, which covers short haul trucking between ports and other distribution points; and a new Limousine Program which targets small fleet limousine business countrywide.

CNA has the expertise, broad coverages and ability to offer customized insurance solutions to address all commercial insurance needs. For more information on CNA Select Risk coverages or related products and services, visit www.cna.com/selectrisk or email cnaselectrisk@cna.com.

Serving businesses and professionals since 1897, CNA is the country's seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered trade mark of CNA Financial Corporation.

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. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally 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. Further, 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.

Any descriptions of coverage under CNA policies or programs in this press release are provided for convenience only and are not to be relied upon with respect to questions of coverage, exclusions or limitations. With regard to all such matters, the terms and provisions of relevant insurance policies are primary and controlling. In addition, please note that all coverages may not be available in all states.

SOURCE: CNA

CNA
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Katrina Parker, 312-822-5167

 
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