CNA Announces Agreement to Sell Medical Professional Liability Claims Subsidiary to Octagon Risk Services, Inc.

CHICAGO -- CNA Financial Corporation (NYSE: CNA) today announced it has entered into a definitive agreement to sell Caronia Corporation, a third-party claims administrator focused on medical professional liability, to Octagon Risk Services, Inc., a subsidiary of Security Capital Corporation (AMEX: SCC). Octagon Risk Services, Inc., is a third party-claims administrator specializing in medical professional liability and clinical risk management services.

The business sold includes third-party claims and risk management services to hospitals and healthcare systems, physician and paraprofessional groups, nursing homes, rehabilitation centers and clinics nationwide.

The transaction is expected to be completed at or before the end of the first quarter or early in the second quarter of this year, subject to certain customary closing conditions. The transaction is not expected to materially impact CNA's net operating income or net income.

"During its seven years as a CNA company, Caronia has grown its business and provided high quality service to a blue ribbon client list," stated Thomas Pontarelli, CNA's executive vice president and chief administration officer at CNA. "We wish the company and its employees even greater success as part of Octagon."

CNA is the country's seventh largest commercial insurance writer and the 14th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered service mark, trade name and domain name of CNA Financial Corporation.

FORWARD-LOOKING STATEMENT 

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