0000021175-12-000030.txt : 20120702 0000021175-12-000030.hdr.sgml : 20120702 20120702163050 ACCESSION NUMBER: 0000021175-12-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120702 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120702 DATE AS OF CHANGE: 20120702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNA FINANCIAL CORP CENTRAL INDEX KEY: 0000021175 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 366169860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05823 FILM NUMBER: 12940724 BUSINESS ADDRESS: STREET 1: CNA STREET 2: 333 S. WABASH CITY: CHICAGO STATE: IL ZIP: 60604 BUSINESS PHONE: 3128225000 MAIL ADDRESS: STREET 1: CNA STREET 2: 333 S. WABASH CITY: CHICAGO STATE: IL ZIP: 60604 8-K 1 a20128k7212.htm FORM 8-K 2012 8K 722012
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 2, 2012

CNA FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
 
1-5823
 
36-6169860
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)



333 S. Wabash, Chicago, Illinois
 
60604
(Address of principal executive offices)
 
(Zip Code)

Registrant's telephone number, including area code (312) 822-5000

NOT APPLICABLE
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



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ITEM 8.01 OTHER EVENTS.
On July 2, 2012, the registrant issued a press release announcing the successful consummation of its acquisition of Hardy Underwriting Bermuda Limited. The press release is furnished as Exhibit 99.1 to this Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits:
See Exhibit Index.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
CNA Financial Corporation
 
 
(Registrant)
 
 
 
Date:  July 2, 2012
By
/s/ D. Craig Mense
 
 
(Signature)
 
 
D. Craig Mense
Executive Vice President and
Chief Financial Officer


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EXHIBIT INDEX

Exhibit No.
 
Description
 
CNA Financial Corporation press release, issued July 2, 2012, announcing the acquisition of Hardy Underwriting Bermuda Limited.



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EX-99.1 2 cnaex9917212.htm EX 99.1 CNA Ex 99.1 7212


FOR IMMEDIATE RELEASE

CONTACTS:
U.S. MEDIA:
 
ANALYSTS:
Sarah J. Pang, 312/822-6394
 
Marie Hotza, 312/822-4278
Katrina Parker, 312/822-5167
 
David Adams, 312/822-2183
 
 
 
EUROPEAN MEDIA:
 
 
Emma Kane, 020.7566.6738
 
 
CNA FINANCIAL COMPLETES ACQUISITION OF HARDY UNDERWRITING BERMUDA LTD.
CHICAGO, July 2, 2012 - CNA Financial Corporation (“CNA Financial”) (NYSE: CNA) and Hardy Underwriting Bermuda Limited (“Hardy”) announced today the successful completion of CNA Financial's acquisition of Hardy. CNA Financial paid approximately $230 million to purchase Hardy. As a wholly owned, indirect subsidiary of CNA Financial, Hardy will continue to operate under its own brand and its existing leadership team.
The acquisition by CNA Financial of Hardy was approved by Hardy shareholders in April 2012. Regulatory approvals for the transaction, including from Lloyd's and the UK Financial Services Authority, have been obtained.
“We are delighted to have successfully and smoothly completed the transaction,” said Tom Motamed, chairman and chief executive officer, CNA Financial. “Hardy is a specialized Lloyd's underwriter with a respected brand and a long history of disciplined underwriting. The addition of Hardy complements our deep expertise in specialized markets. With its access to the $35 billion Lloyd's marketplace, Hardy will provide a solid platform for profitable growth and an attractive opportunity for CNA to deploy capital.”
“In addition, Hardy's underwriting philosophy is very similar to ours. We are very pleased that Barbara Merry, chief executive, and Patrick Gage, director of underwriting, will continue to lead their outstanding team.”
Merry said, “We are excited about joining a company with CNA's history of financial strength and insurance leadership. The strategic alignment of our organizations provides a very strong foundation for mutual success.” Merry went on to say, “I would like to take this opportunity to thank Hardy's shareholders for their support over the years and also to thank the Hardy team for their passion and commitment - we have a very strong culture and I am confident that our new parent will enable us to achieve our full potential in this exciting new chapter in our history.”
About CNA
Serving businesses and professionals since 1897, CNA is the country's seventh largest commercial insurance writer and the 13th largest property and casualty 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

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services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered trademark of CNA Financial Corporation.
Forward-Looking Statement
This press release may include statements which relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements generally include words such as "believes", "expects", "intends", "anticipates", "estimates", and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA Financial. For a detailed description of other risks and uncertainties affecting CNA Financial, please refer to CNA Financial's filings with the SEC, available at www.cna.com.
Any forward-looking statements made in this press release are made by CNA Financial as of the date of this press release. Further, CNA Financial does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA Financial's expectations or any related events, conditions or circumstances change.

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