Specialist insurance provider CNA Hardy has added Sarah Moses to the team as cargo underwriting manager for London.
“Sarah will work with our team to continue building our broker relationships and our London cargo book,” the company said in its announcement. “Her extensive knowledge and established track record make her an invaluable addition to our team in London.”
Last November, CNA Hardy rolled out its online cargo solution in the UK. Called “Rapid Cargo,” the online system is a full-cycle quote and bind platform for UK brokers.
At the time, UK marine head Neil Atkinson said: “The marine insurance sector is constantly changing and evolving, and we saw a need for a simple, online solution for straightforward, non-complex marine cargo risks.
“Rapid Cargo comes off the back of the success of our CNA Online Excess of Loss product, for which we are BIBA’s scheme provider, and offers a forward-looking solution for modern UK brokers who are looking for a comprehensive product backed by a reliable and experienced underwriter at the touch of a button.”
Earlier this month, CNA Hardy parent firm CNA Financial Corporation reported its financial results for 2023. The group saw an increase in net income, from US$682 million in 2022 to last year’s US$1.2 billion.
CNA chair and chief executive Dino E. Robusto had this to say when the figures were announced: “We ended the year strong, with core income up 37% to a record high of US$362 million in the fourth quarter capping off a record level for the year of US$1,284 million, a 54% increase driven by a 25% increase in pretax net investment income and record levels of underlying and all-in underwriting income.”
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