Loews Corporation, through its subsidiaries, operates as a commercial property and casualty insurance company primarily in the United States. The company’s subsidiaries are engaged in the following lines of business: commercial property and casualty insurance (CNA Financial Corporation, a 90% owned subsidiary); operation of offshore oil and gas drilling rigs (Diamond Offshore Drilling, Inc. (Diamond Offshore), a 52.5% owned subsidiary); transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas (Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), a 53% owned subsidiary); and operation of a chain of hotels (Loews Hotels Holding Corporation, a wholly owned subsidiary). In August 2014, CNA Financial Corporation sold Continental Assurance Company (CAC), its life insurance subsidiary. In 2014, the company sold HighMount Exploration & Production LLC (HighMount), its natural gas and oil exploration and production subsidiary. CNA Financial Corporation CNA Financial Corporation (together with its subsidiaries, CNA) operates as an insurance holding company. CNA’s property and casualty and remaining life and group insurance operations are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company (CIC), and certain other affiliates. CNA’s insurance products primarily include commercial property and casualty coverages, including surety. CNA’s services include risk management, information services, warranty, and claims administration. CNA’s products and services are primarily marketed through independent agents, brokers and managing general underwriters to customers, including small, medium and large businesses, insurance companies, associations, professionals and other groups. CNA’s property and casualty field structure consists of 49 underwriting locations across the United States. In addition, there are five centralized processing operations which handle policy processing, billing and collection activities and also act as call centers to optimize service. The claims structure consists of two regional claim centers designed to handle the high volume of low severity claims, including property damage, liability and workers’ compensation medical only claims, and 16 principal claim offices handling the more complex claims. CNA also has a presence in Canada, Europe and Singapore consisting of 15 branch operations and access to business placed at Lloyd’s of London (Lloyd’s) through Hardy Underwriting Bermuda Limited (Hardy). CNA’s core business, commercial property and casualty insurance operations, includes Specialty, Commercial and International. Other Non-Core business includes Life & Group Non-Core and Other. Specialty Specialty includes the following business groups: Management and Professional Liability: Management and Professional Liability provides management and professional liability insurance and risk management services and other specialized property and casualty coverages. This group provides professional liability coverages to various professional firms, including architects, real estate agents, accounting firms, law firms and other professional firms. It also provides directors and officers (D&O), employment practices, fiduciary and fidelity coverages. Specific areas of focus include small and mid-size firms, public as well as privately held firms and not-for-profit organizations, where modified products for these client segments are offered. Products within Management and Professional Liability are distributed through brokers, independent agents and managing general underwriters. Management and Professional Liability, through CNA HealthCare, also offers insurance products to serve the health care industry. Products include professional and general liability, as well as associated standard property and casualty coverages, and are distributed on a national basis through brokers, independent agents and managing general underwriters. Main customer segments include aging services, allied medical facilities, life sciences, dentists, physicians, hospitals and nurses and other medical practitioners. Surety: Su
loews corp (L:New York)
667 Madison Avenue
New York, NY 10065
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