M&A Deal Summary

CNA Acquires Hardy Underwriting Bermuda Limited

On March 21, 2012, CNA acquired insurance company Hardy Underwriting Bermuda Limited for 2.2B USD

Acquisition Highlights
  • This is CNA’s 3rd transaction in the Insurance sector.
  • This is CNA’s largest (disclosed) transaction.
  • This is CNA’s 1st transaction in Bermuda.

M&A Deal Summary

Date 2012-03-21
Target Hardy Underwriting Bermuda Limited
Sector Insurance
Buyer(s) CNA
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

Hardy Underwriting Bermuda Limited

Hamilton, Bermuda
Hardy Underwriting Bermuda Limited is an insurance underwriter.

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Buyer(S) 1

Buyer

CNA

Chicago, Illinois, United States

Category Company
Founded 1853
Sector Insurance
Employees6,100
Revenue 13.1B USD (2023)
DESCRIPTION
Entrance to CNA's corporate headquarters in Downtown Chicago.
Entrance to CNA's corporate headquarters in Downtown Chicago.

CNA is a commercial insurance 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. CNA was incorporated in 1853 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 2 of 2
Country (Bermuda) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Sur Insurance Agency

Sioux Falls, South Dakota, United States

Sur Insurance Agency, Inc. is a insurance agent that provides property, casualty insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Continental Assurance Company

Chicago, Illinois, United States

Continental Assurance Company is a provider of life and group insurance.

Sell -