CNA Hardy Europe Gets Luxembourg License
CNA Hardy, a commercial insurer operating within the Lloyd’s market, in August 2018 was granted its insurance license by the Luxembourg regulator, Commissariat aux Assurances (CAA).
It is to write business across continental Europe from Luxembourg through a network of offices in Belgium, Denmark, France, Germany, Italy, the Netherlands, but also through its Lloyd’s of London platform.
The company had announced in June of 2017 that it would set up a subsidiary group in Luxembourg ahead of Brexit and in January 2018 appointed Stuart Middleton as CEO, Continental Europe and head of the Luxembourg subsidiary. He now is joined by Bertrand Mohr as chief risk officer and Amandine Motte as chief financial officer. Motte previously worked at Swiss Re and Deloitte, and Mohr at investment advisor/broker Dare Holdings.