CHICAGO, Nov. 16, 2015 /PRNewswire/ -- CNA Financial
Corporation (NYSE: CNA) today announced the appointment of
Dino E. Robusto as its chairman and
chief executive officer, effective on or about December 1, 2016. Mr. Robusto will succeed
Thomas F. Motamed who has decided to
retire at the end of 2016, and who has served in that role since
2009. Mr. Motamed will continue as chairman and chief
executive officer until Mr. Robusto joins CNA.
Mr. Robusto comes to CNA after almost 30 years at The Chubb
Corporation. After joining Chubb in 1986 as a commercial lines
underwriter, he held a number of leadership positions there
including chief claims officer, chief field operations officer for
commercial lines, and eventually executive vice president and
president of their commercial and specialty lines. In this latest
position, he was also responsible for information technology and
innovation.
"Dino is an outstanding insurance professional with a strong
track record of success and leadership experience across virtually
every industry discipline," said James S.
Tisch, a member of the CNA Board of Directors and the chief
executive officer of Loews Corporation (NYSE: L), CNA's largest
shareholder. "After an exhaustive search process, CNA's board is
confident that we have selected the ideal individual for the job.
We feel that Dino has the qualities necessary to lead CNA into its
next phase of growth, building on the phenomenal work that Tom has
done over the past seven years."
Mr. Tisch added, "I want to thank Tom for his inspired
leadership at CNA. He set the company on a path of disciplined
underwriting, consistent earnings growth and financial
strength. We expect CNA's success to continue in 2016 with Tom
at the helm."
Mr. Motamed added, "Dino Robusto
is a top-tier, proven insurance leader. I am proud to hand over the
reins to Dino, and I am confident he will continue the progress the
CNA team has made over the past several years."
Serving businesses and professionals since 1897, CNA is the
country's eighth largest commercial insurance writer and the 14th
largest property and casualty company. CNA's insurance products
include standard commercial lines, specialty lines, surety, marine
and other property and casualty coverages. CNA's services include
risk management, information services, underwriting, risk control
and claims administration. For more information, please visit CNA
at www.cna.com. "CNA" is a service mark registered by CNA Financial
Corporation with the United States Patent and Trademark Office.
Certain CNA Financial Corporation subsidiaries use the "CNA"
service mark in connection with insurance underwriting and claims
activities.
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CONTACT:
Sarah Pang, 312-822-6394
Brandon Davis,
312-822-5167
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SOURCE CNA Financial Corporation