English
Sep
03
CNA Gains Access to RSA Global Distribution Network
Posted on Sep 03, 2010 by Sergio Ulloa (G+)
CNA insurance company has recently entered into an agreement with RSA, formerly known as Royal & SunAlliance, to provide companies based in the US with access to the global distribution network of RSA. Through this agreement, CNA will be able to expand its reach to India, South Africa, Australia and a good number of countries in Latin America. This new agreement with RSA does not discontinue the current 16-year alliance that CNA has with Assicurazioni Generali. Some of the Latin American countries where RSA has presence include: Argentina, Brazil, Chile, Colombia, Mexico and Uruguay. In addition of Argentina, Brazil, Colombia and Mexico, the presence of Generali in Latin America also covers: Ecuador, Guatemala, Martinique and Panama. The branch offices of CNA based in the USA will now be able to offer international policies in 142 key countries worldwide, thanks to the combined international relationships with RSA and Generali. In addition to this, agents doing business with CNA will gain access to the full range of their products including Small Business, Professional, Technology and Excess & Surplus, complemented with quality Risk Control and Claim expertise. In the words of Michael Dower, CNA's vice president of Underwriting - International, "RSA has one of the largest networks in the insurance industry, including a presence in 34 countries and the capacity to cover risks in an additional 98 countries. This agreement enables CNA to expand its global reach to serve the international business needs of our U.S. producers and customers." Insurance Companies mentioned: CNA
CNA has been serving businesses and professionals since 1897, and is the seventh largest commercial insurance writer and the 13th largest property and casualty company in the US. 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.
RSA
RSA has a proud heritage dating back almost 300 years. The current company structure was created in 1996 following the merger of two of the largest insurance companies in the UK, Royal Insurance and Sun Alliance. In 2008 the company shortened their name to RSA and simplified and refreshed their corporate brand. RSA has over 20 million customers worldwide. The Group currently manages GBP 14.3 billion of investments. RSA is a member of the FTSE4Good Index. RSA employs around 21,000 people worldwide.
Assicurazioni Generali SpA
The Generali Group is one of the most significant participants in the global insurance and financial products market. The Group is a leader in Italy and Assicurazioni Generali, founded in 1831 in Trieste, is the Group's Parent and principal operating Company. Generali is one of the leading global players in the assistance sector thanks to the Europ Assistance Group, active in more than 200 countries with services in the motor, travel, healthcare, home and family sectors. In recent years, the Group has made a significant return to 14 central-eastern European markets and has set up offices in the principal markets of the Far East, including China and India.