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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
AUGUST 4, 1999
(Date of Report)
CNA SURETY CORPORATION
(Exact name of Registrant as specified in its charter)
1-13277
(Commission File No.)
DELAWARE 34-4144905
(State or other jurisdiction) (IRS Employer Identification No.)
CNA PLAZA, CHICAGO, ILLINOIS 60685
(Address of principal executive offices) (Zip code)
(312) 822-5000
(Registrant's telephone number, include area code)
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ITEM 5. OTHER EVENTS
See Exhibit 99 to this Form 8-K
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit 99 - CNA Surety Corporation Press Release issued on
July 28, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CNA SURETY CORPORATION
(Registrant)
By: /s/ John S. Heneghan
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John S. Heneghan
Vice President and Chief Financial Officer
Dated: August 4, 1999
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EXHIBIT INDEX
Exhibit No.
99. CNA Surety Corporation Press Release issued on July 28, 1999.
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CNA SURETY CORPORATION ANALYST CONTACT:
CNA Plaza John Heneghan
Chicago IL 60685 312-822-1908
[email protected]
MEDIA CONTACT:
Doreen Lubeck
773-583-4331
CNA SURETY ANNOUNCES ACQUISITION OF THE BOND EXCHANGE
CHICAGO, July 28, 1999 -- CNA Surety Corporation (NYSE:SUR) today
announced that it has acquired certain assets of Clark Bonding Company, Inc., a
Charlotte, North Carolina, insurance agency and brokerage doing business as The
Bond Exchange. The Bond Exchange specializes in the distribution of surety and
fidelity bonds with 1998 premium production of approximately $4 million. Terms
of the acquisition were not disclosed.
The acquisition further supports CNA Surety's growth strategy by
strengthening and expanding the company's distribution in the small commercial
and contract surety marketplace.
"Keeping true to our acquisition criteria, The Bond Exchange is an
ideal addition to our organization," said Mark C. Vonnahme, CNA Surety's
president and chief executive officer. "The Bond Exchange is a well-managed and
profitable organization that will add value to our current portfolio and afford
us the opportunity to work with its long-standing clients and business
partners."
CNA Surety Corporation is the largest publicly traded surety company in
the country. Through its principal subsidiaries, Western Surety Company and
Universal Surety of America, CNA Surety provides surety and fidelity bonds in
all 50 states through a combined network of approximately 37,000 independent
agencies.
CNA is a registered service mark, trade name and domain name of CNA
Financial Corporation (NYSE:CNA).
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