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CNA, the current parent company, was incorporated in 1967. CNA is the seventh largest commercial insurer in the United States as of 2018. [3] CNA provides property and casualty insurance products and services for businesses and professionals in the U.S., Canada, Europe and Asia. CNA itself is 90% owned by a holding company, Loews Corporation. [4]
Western Surety Company is an insurance company based in Sioux Falls, South Dakota. It was founded in 1900 by attorney Joe Kirby [1] who periodically needed court bonds in connection with his law practice. [2] Headquartered in Sioux Falls, the company was run for decades by four generations of Kirbys.
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The economic value of bond insurance to the governmental unit, agency, or other issuer of the insured bonds or other securities is the result of the savings on interest costs, which reflects the difference between yield payable on an insured bond and yield payable on the same bond if it was uninsured—which is generally higher.
A surety bond is defined as a contract among at least three parties: [1] the obligee: the party who is the recipient of an obligation; the principal: the primary party who will perform the contractual obligation; the surety: who assures the obligee that the principal can perform the task; European surety bonds can be issued by banks and surety ...
Berkshire created this government bond insurance company in December 2007 to insure municipal and state bonds. [4] [5] These type bonds are issued by local governments to finance public works projects such as schools, hospitals, roads, and sewer systems.
Chubb Limited is an American–Swiss [2] company incorporated in Zürich, and listed on the New York Stock Exchange (NYSE) where it is a component of the S&P 500. [3] Chubb is a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance company in the world. [4]
CNA Financial Corporation; Compagnia Nazionale Aeronautica, an Italian aircraft manufacturer of the 1930s; CNA (bookstore), a South African chain founded in 1896; Cable Networks Akita, cable provider in Akita Prefecture, Japan