Ahead Of Continental Merger, CNA Insurance Picks Maximis, Oracle And Hewlett-Packard

PORTFOLIO SYSTEMS

Chicago-based CNA Insurance Companies, a subsidiary of CNA Financial Corp., has selected Premier Solutions Ltd.'s Maximis portfolio accounting and management system to support what will soon become a $40 billion investment portfolio. The insurance company, which is scheduled to go live with the Unix-based version of Maximis by the first quarter of 1996, will install Premier's system in place of its mainframe-based incumbent, the former Insurance Systems of America's Oscars (now owned by the ISA

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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