| Business Summary | | CNA
Surety
Corporation
is
an
insurance
holding
company.
The
Company's
products
range
from
very
small
commercial
bonds
to
large
contract
bonds.
The
Company's
principal
insurance
subsidiaries
are
Western
Surety
and
USA.
The
insurance
subsidiaries
write
small
fidelity
and
non-contract
surety
bonds,
referred
to
as
commercial
bonds,
small,
medium
and
large
contract
bonds,
international
surety
and
credit
insurance
and
errors
and
omissions
(E&O)
liability
insurance. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNA
Surety
writes
surety
and
fidelity
bonds
in
all
50
states
through
a
combined
network
of
37,000
independent
agencies.
For
the
six
months
ended
6/30/01,
total
revenues
increased
3%
to
$171
million.
Net
income
decreased
14%
to
$24.3
million.
Revenues
reflect
higher
investment
income.
Net
income
was
offset
by
increased
estimates
of
incurred
losses
for
more
recent
accident
years
and
higher
reinsurance
costs
due
to
adverse
claim
trends
on
large
commercial
risks. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Peter Wilson Chairman | -- | Mark Vonnahme, 50 Pres,
CEO, Director | $642K | Thomas Pottle, 40 Sr.
VP, COO, Assistant Sec. | -- | Robert Ayo, 59 Sr.
VP and CUO, Contract Surety | 367K | Stephen Pate, 53 Sr.
VP | 362K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|