CNA Introduces D&O and E&O Coverage for Private Equity and Venture Capital Firms.

CHICAGO -- CNA Specialty announces directors and officers (D&O) as well as errors and omissions (E&O) coverage designed specifically to meet the liability insurance needs of private equity and venture capital firms. This coverage is targeted to private equity partners and venture capitalists who face many exposures as investment advisors, typically for high net worth or institutional investor clients.

"Given the risk-taking aspect of their profession, fund managers can find themselves the target of management liability suits," said Mark Reilly, assistant vice president, CNA's Diversified Commercial Group. "Defense costs can add up quickly - even if a claim is seemingly frivolous. Our new policy responds to the many liability exposures these managers face in performing their professional duties."

Highlights of CNA's Management Liability Solutions policy include: Entity coverage for securities, professional services and EPL claims; Outside Entity Executive Liability coverage for private and nonprofit companies; Formal Investigations coverage; and Punitive Damages coverage. This new policy is targeted to private equity and venture capital firms whose funds range up to $5 billion in committed capital.

With more than 25 years of experience in writing professional liability coverage for the financial markets sector, CNA has maintained its stability through volatile market cycles. This new product is the latest addition to the global insurer's Management and Professional Liability suite of products. Prior efforts have included Side A coverage, EPL Solutions, Management Liability/EPL for Law Firms, and Private Insurance Company Solutions. Further announcements are scheduled to highlight Fidelity Bond, Side A Only coverage, Professional Liability for Bankers, Insurance Companies, and Miscellaneous Professions.

Only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products may not be available in all states. For additional information, call your local agent or visit the website at http://www.cnapro.com/html/Our_Products/OurProducts_DO.html.

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 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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Any descriptions of coverage under CNA policies or programs in this press release are provided for convenience only and are not to be relied upon with respect to questions of coverage, exclusions or limitations. With regard to all such matters, the terms and provisions of relevant insurance policies are primary and controlling. In addition, please note that all policies may not be available in all states.