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CNA Financial Corporation Announce Names Next CEO

CNA Financial Corporation Announce Names Next CEO

Doug Worman, currently the executive vice president and global head of underwriting at CNA Financial Corporation, will assume the roles of president and chief executive officer starting next year.

Dino E. Robusto, the current chairman and CEO, will transition to the role of executive chairman in 2025. In this new capacity, Robusto will lead the CNA board of directors and serve as a strategic advisor to Worman, supporting the company’s goals.

Robusto expressed strong confidence in Worman’s abilities, stating: “Doug is an exceptional underwriting executive who has strengthened and solidified CNA’s underwriting culture and profitability. 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.”

Reflecting on his upcoming role, Worman said: “I am honored to take on the CEO role, building upon Dino’s success in optimizing CNA’s strategic underwriting direction. My goal is to continue elevating CNA as a preeminent property and casualty (P&C) insurer.”

Worman joined CNA in March 2017 as executive vice president and chief underwriting officer, playing a crucial role in developing the company’s product organizations and business units. He led CNA’s global underwriting committee, which culminated in his current role as global head of underwriting in 2022. CNA operates in the US, Canada, and Europe.

Before joining CNA, Worman held several key positions, including CEO of Endurance US Insurance, executive vice president of Alterra Capital Holdings, and chief executive of Alterra US Insurance. His career began at AIG, where he progressed through various underwriting and management roles, eventually becoming president and CEO of AIG Excess Casualty Group.

James S. Tisch, a CNA board member and CEO of the firm’s largest shareholder, Loews Corporation, added: “We are extremely thankful to Dino, who, over the past eight 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.”

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