A.M. Best Withdraws Ratings of Thirteen CNA Subsidiaries Following Affiliated Mergers.
Effective December 31, 2006, CNA Casualty of California merged into Continental Casualty Company (Illinois), and the remaining companies listed above merged either directly or indirectly into The Continental Insurance Company (Pennsylvania). These mergers were completed as part of a multi-year initiative to streamline CNA's property/casualty legal entity structure in order to realize capital, operational and cost efficiencies.
The FSRs of A (Excellent) and the ICRs of "a" of Continental Casualty Company and The Continental Insurance Company are unchanged by these mergers.
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A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com.
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|Date:||Jan 11, 2007|
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