CNA Announces Agreement To Sell Associated Aviation Underwriters, Inc.Business Editors CHICAGO--(BUSINESS WIRE)--July 31, 2000 CNA (Certified NetWare Administrator) See Novell certification. (NYSE NYSE See: New York Stock Exchange : CNA) announced today that it has entered into an agreement to sell Associated Aviation Associated Aviation is an airline based in Lagos, Nigeria. It was established in 1996 and operates passenger and cargo services within Nigeria and in West Africa. Its main base is Murtala Mohammed International Airport, Lagos[1]. Underwriters, Inc. (AAU AAU abbr. Amateur Athletic Union ) to the British Aviation Insurance Group (BAIG). AAU is jointly owned by CNA and The Chubb Corporation. The agreement will take effect in September, subject to regulatory approval. BAIG is a world player in the aviation and aerospace insurance industry. The acquisition of AAU, by providing access to the important U.S. market, will round out the company's global capabilities. BAIG operates a pool in which CNA will participate, thus providing a continuous market for CNA's aviation and aerospace customers. CNA is a leading insurance organization offering a broad range of insurance products and insurance-related services. Since 1897, CNA has built on a foundation of financial strength, stability and commitment to customers and business partners. Visit CNA at www.cna.com. CNA is a registered service mark, trade name and domain name of CNA Financial CNA Financial Corporation (NYSE: CNA) is a financial corporation based in Chicago, Illinois, United States, and noted for its 600 foot tall red headquarters building there. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. Corporation. |
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