California Contractors Insurance Purchases SUR Insurance Agency and The Bond Exchange
Western Surety to retain some lines of business.
Insurance Networking News, December 31, 2012
CNA Financial Corp., a commercial insurance writer and P&C company, has completed the sale of SUR Insurance Agency Inc. (SUR) and The Bond Exchange (TBE) to California Contractors Insurance Services (CCIS), effective Dec. 14, 2012.
CNA says Western Surety, a wholly owned subsidiary of CNA and seller of SUR Insurance Agency, will retain certain of the business lines that were previously sourced from SUR.
CNA adds that the business will be seamlessly transitioned to CNA Solutions, an insurance agency and wholly owned subsidiary of CNA. CNA will continue to offer CNA Solutions as an alternative for placing business for agents and brokers who lack specific state licenses.
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