|
|
Article: CNA Announces Agreement To Sell Unbundled Risk Management Claims Business.
- Article from:
- Business Wire
- Article date:
- April 2, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
CHICAGO--(BUSINESS WIRE)--April 2, 2003
Today, CNA Financial Corporation (NYSE: CNA) announced it has signed a binding agreement to sell a portion of the business of its subsidiary, RSKCo, to Cunningham Lindsey, U.S., a subsidiary of Lindsey Morden Group, Inc., a publicly traded corporation on the Toronto Stock Exchange. The transaction is not expected to materially impact CNA's net operating income or net income. The approximate annual revenue related to this portion of the business is $40 million.
The sale is expected to include the RSKCo name, as well as all business provided by RSKCo that is not sold in connection with ...