February 9, 2018 by Greg Dalgetty, Editor
This an edited excerpt from our December issue, where we talked to the CEOs of some of Canada’s largest insurers. Read the full story here.
CNA celebrated 100 years in Canada last year.
The insurer has come a long way since it first ventured north in November of 1917—it had fewer than 10 underwriters in its Canadian office at the time—and Nick Creatura, president and CEO of the Canadian business, believes the best is yet to come.
“It feels like there’s a bit of a buzz about the organization,” Creatura told Canadian Insurance Top Broker. “There’s certainly a wave of energy flowing through CNA these days—not just here in Canada, but globally.”
Recently, CNA Canada has been strengthening its underwriting team and expanding its coverage. It now has an equipment breakdown component for its engineered property division—an offering that had previously been seeded out—and it plans to grow its specialty lines business in the years ahead.
“We only launched specialty in Canada in 2015,” Creatura says. “We’ve been building that—it’s an area where there’s tremendous opportunity.”
The company has also benefited from infrastructure investments happening throughout Canada—a trend Creatura hopes to see continue.
“There is a tremendous amount of investment in infrastructure across the country, and we’re participating in a good amount of that through our construction offering, the marine coverages we participate in and also through our surety business,” he says.
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This story was originally published by Canadian Insurance Top Broker.