Company profile: CNA Re

CNA Re is one of the few, perhaps the only, company honest enough to publicly admit it will increase its retrocession capacity for 2001. The move is bold but could prove very successful as rates in that market climb steadily. Speaking to WIR a few weeks ago, chief executive Bill Adamson said he perceived a “big, big push for retro capacity”. However, he added that retrocession had not made up more than 5% of the company’s total premium income in the past and was unlikely to in the future.