CNA Financial Corporation today announced the appointment of Dino E. Robusto as its chairman and chief executive officer, effective December 1, 2016, as current CEO Thomas F. Motamed prepares for retirement.
Motamed, who has served in the role since 2009, will continue as chairman and chief executive officer until Robusto joins CNA.
Robusto comes to the insurer after almost 30 years at the
Chubb Corporation, where he served most recently as executive vice president of commercial and specialty lines. In this position, he was also responsible for information technology and innovation.
James S. Tisch, a member of the CNA board of directors and the chief executive officer of Loews Corporation, welcomed the appointment.
“Dino is an outstanding insurance professional with a strong track record of success and leadership experience across virtually every industry discipline,” Tisch said in a statement. “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.”
Motamed himself praised the choice, calling Robusto 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.”
CNA is the country’s eighth largest commercial insurance writer and the 14th largest property and casualty company.
