Thomas F. Motamed

• CNA to Buy Lloyd's Hardy for $227 Million

  By Chad Hemenway, PropertyCasualty360.com  |  March 22, 2012

  CNA Financial Corp. says it has agreed to buy specialty insurer Hardy Underwriting Bermuda Ltd. for about $227 million.

• CNA 4Q Net Income Drops 37%

  By Mark E. Ruquet, PropertyCasualty360.com  |  February 6, 2012

  Chicago-based insurer CNA says 2011 fourth-quarter net income dropped 37 percent on the combination of lower net-investment income, catastrophe losses and reserve charges in its life business.

• Rates ‘Improving,’ But Conditions Not Quite Right for Market Turn

  By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com  |  November 4, 2011

  While executives on third-quarter-results conference calls say they are seeing improvements in the rate environment, Insurance Information Institute President Robert Hartwig believes the stars are not quite aligned yet for a market turn—and a recent report suggests the impact of rate increases in 2012 could be tempered by expectations of...

• CNA Posts 3Q $75M Profit

  By Chad Hemenway, PropertyCasualty360.com  |  October 31, 2011

  CNA Financial Corp. says third-quarter net income was $75 million, compared to a net loss of $140 million a year ago during the same period.

• CNA 2Q Net Income Drops 55% on Cat Losses

  By Mark E. Ruquet, PropertyCasualty360.com  |  August 1, 2011

  Chicago-based insurer CNA says net income for the 2011 second quarter dropped 55 percent, primarily on catastrophe losses.

• CNA 4Q, Full Year Results Up On Favorable Prior Year Development

  By Staff Writer  |  February 7, 2011

  CNA Financial Corp. reported a 2010 fourth quarter net income of $302 million, up 22.8 percent over the 2009 first quarter.

• CNA Posts $140M Third-Quarter Loss On A&E Portfolio Transfer

  By Chad Hemenway, PropertyCasualty360.com  |  November 1, 2010

  CNA Financial Corp. recorded a 2010 third-quarter net loss of $140 million, driven by a $365 million after-tax net loss related to its transfer of legacy asbestos and environmental pollution liabilities to Berkshire Hathaway's National Indemnity Company.

• CNA 2Q Profit Climbs; Soft Market Impacts Operating Results

  By Chad Hemenway, PropertyCasualty360.com  |  August 2, 2010

  Favorable prior year loss reserve development and investment results boosted 2010 second-quarter net income for CNA Financial Corp. to $283 million.

• CNA To Transfer Asbestos Liabilities to Berkshire Hathaway

  By Chad Hemenway, PropertyCasualty360.com  |  July 15, 2010

  CNA Financial Corp. has entered into an agreement with Berkshire Hathaway Inc. to transfer its legacy asbestos and environmental pollution liabilities to Berkshire's National Indemnity Company (NICO).

• CNA Shows Solid Gains

  By Mark E. Ruquet, PropertyCasualty360.com  |  February 9, 2010

  Chicago-based insurer CNA Financial Corp. reported solid gains for the fourth quarter and year-end compared to the prior year's loss for the periods.