NEW
YORK, May 10, 2022 /PRNewswire/ -- Loews
Corporation (NYSE: L) announced today that Ben Tisch has been promoted to Senior Vice
President of Corporate Development and Strategy, effective
immediately. Tisch will oversee the performance of
Loews's subsidiaries and will work closely with Loews's Chief
Investment Officer Richard Scott to
manage the portfolios for Loews and its publicly traded P&C
insurance subsidiary, CNA Financial. As a member of the
leadership team, Tisch will help formulate the company's view on
intrinsic value, develop and implement capital allocation
strategies and monitor market conditions.
Tisch joined Loews in 2011 as a member of the company's
investment department. He was promoted to Vice
President in 2014 and tasked with leading the corporate development
function at Loews, while also focusing on strategic planning and
investments. He has been responsible for monitoring the
performance of both CNA Financial and Altium Packaging. In
April of 2021, Tisch led the Loews team in the sale of 47% of
Altium to GIC, Singapore's
sovereign wealth fund.
"In his decade at Loews, Ben has proven himself to be a savvy
financial executive and capital allocator. Ben's deep
knowledge of Loews's subsidiaries -- especially CNA Financial --
and his understanding of the capital markets will serve Loews
well," said Paul Fribourg, lead
independent director of Loews Corporation and CEO of Continental
Grain Company.
Tisch is a member of the Board of Directors of CNA (NYSE: CNA)
and sits on the boards of Altium Packaging and Boardwalk Pipelines,
Loews's privately held subsidiaries.
Prior to joining Loews, Tisch was a Managing Director at
Fortress Investment Group, responsible for managing a variety of
asset classes including international fixed income, international
equities, and U.S./European credit instruments for the Global Macro
Fund.
About Loews Corporation
Loews Corporation is a diversified company with businesses in
the insurance, energy, hospitality and packaging industries.
For more information, please visit www.loews.com.
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SOURCE Loews Corporation