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In 2002, CNA exited the life, group and reinsurance business. On January 1, 2004, CNA sold its Group Benefits division to The Hartford, based in Hartford, Connecticut. [8] The Hartford merged its new purchase with its own Group Benefits Division. With the sale of this division came the end of CNA's long history as a multi-line insurer.
The Center for Naval Analyses (CNA) is a federally funded research and development center (FFRDC) for the United States Navy and Marine Corps.It also provides research and analysis services to other US Defense Department and certain other US Government agencies to help improve the efficiency and effectiveness of U.S. national defense efforts.
2012: Announced it would focus on property and casualty insurance, group benefits and mutual funds, and would sell its wealth management businesses. [15] 2009: the company announced that it was withdrawing its business activities from Europe. [16] 2004: Purchased the Group Benefits Division of CNA Financial. The division was based in Chicago ...
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On May 10, 2006, Loews Corporation announced that it would offer 15 million shares of Carolina Group via a public offering, with the proceeds to be used for general corporate purposes. [9] The sale's value was $740 million. Loews Corporation was the parent company of Bulova until 2007, when it sold the company to Citizen Watch. [10]
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In 1999, Illinois-based Allstate Insurance Company purchased the personal lines insurance business from CNA Financial when CNA moved toward commercial lines. Allstate then introduced the Encompass name to its subsidiary in 2000. Encompass distributes its products through 6,500 independent agency locations in 42 states. [3]