Insurer CNA has increased its capital by £11.5m to £40m in preparation for launching a direct operation in Europe.
Chief executive Hugh Morland said the re-capitalisation follows strong growth over the past two years: “This is very positive news. It will allow us to expand our business in Europe, reflecting the commitment of our parent company, CNA Financial Corporation, to establish a significant direct insurance operation in Europe.”
CNA will merge with its sister company, Maritime Insurance Company, next summer.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
