CHICAGO, June 5, 2024
/PRNewswire/ -- CNA Financial Corporation (NYSE: CNA)
announced today that Executive Vice President & Global Head of
Underwriting Doug Worman will become President and Chief Executive
Officer of the company as of January 1,
2025. At that time, Dino E.
Robusto, the current Chairman and CEO, will transition to
the role of Executive Chairman of CNA's Board of Directors. In this
role, Robusto will lead the board as well as serve as a strategic
advisor to Worman in pursuit of the company's objectives.
"We are extremely thankful to Dino who over the past 8 years has
worked tirelessly to lead the company to record levels of
profitability and top quartile underwriting performance. We are
delighted that he will continue to advise CNA as Executive
Chairman. As we look to the future, we know that Doug is a dynamic
and proven leader with a clear vision for the company," said
James S. Tisch, a member of CNA's
board of directors and the CEO of Loews Corporation, CNA's largest
shareholder.
"Doug is an exceptional underwriting executive and has
strengthened and solidified CNA's underwriting culture and
profitability," said Robusto. "Along with the board, I am confident
in Doug's ability to lead CNA forward. He builds excellent
organizational talent, skillfully cultivates broker relationships,
and drives innovation to deliver industry-leading products and
services for business customers."
"I am honored to take on the CEO role, building upon Dino's
success in optimizing CNA's strategic underwriting direction,"
added Worman. "My goal is to continue elevating CNA as a preeminent
P&C insurer."
Worman joined CNA in March 2017 as
Executive Vice President & Chief Underwriting Officer. He was
instrumental in building CNA product organizations and business
units as well as spearheading the company's Global Underwriting
Committee, leading to his current position of Global Head of
Underwriting in 2022. He is currently responsible for the
oversight, strategy and underwriting direction of CNA's Property
& Casualty operations worldwide.
Prior to joining CNA, Worman served as CEO of Endurance U.S.
Insurance; Executive Vice President of Alterra Capital Holdings, a
Stone Point Capital company; and CEO of Alterra US Insurance. He
began his insurance career as an underwriter at AIG, where he
worked his way up through various underwriting and management
positions, eventually serving as President & CEO of AIG Excess
Casualty Group, formerly known as American Home. Worman is a
graduate of The Pennsylvania State
University.
About CNA
CNA is one of the largest U.S. commercial property and casualty
insurance companies. Backed by more than 125 years of experience,
CNA provides a broad range of standard and specialized insurance
products and services for businesses and professionals in the U.S.,
Canada and Europe. For more information, please visit CNA
at www.cna.com.
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Press Contacts
CNA Newsroom
newsroom@cna.com
312-822-5167
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SOURCE CNA