|By PR Newswire||
|August 7, 2014 04:00 AM EDT||
CHICAGO, Aug. 7, 2014 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced the appointment of David Brosnan as chief executive of CNA Insurance Company Limited (CNA Europe). This appointment follows approval by the Prudential Regulation Authority (PRA), and will become effective on 18 August 2014.
Dave will continue to serve as the chief executive of Hardy, and report to Thomas F. Motamed, chairman of the Hardy Board of Directors and chairman and chief executive officer of CNA. Tom will assume the role of chairman of the CNA Europe Board of Directors, subject to approval by the PRA.
"These changes are part of a broad strategy to serve the unique and expanding needs of multinational customers," Motamed said. "Dave's international expertise and leadership experience with Hardy will further strengthen the solid reputation of both brands."
Following a transition, John Hennessy, who has led CNA Europe since 2009, will become president and chief operating officer (COO) of CNA Canada, in mid-September. John will report to Dave Brosnan. Gary Owcar, who has led CNA Canada since 2009, will be retiring on 15 September 2014.
"I commend both John and Gary on their outstanding leadership. They played critical roles in building a strong international strategy and brand, while expanding our multinational capabilities," Motamed added.
Dave first joined CNA in May 2013, as senior vice president of International. His responsibilities included leading an underwriting team in the strengthening of CNA's Home Foreign business, and an expansion of its international capabilities. He brings more than 27 years of industry experience to his expanded role. Previous to CNA, he was with ACE Canada, most notably serving as president and CEO of ACE INA and ACE INA Life Insurance Companies. Prior to that, he served as president of ACE Casualty Risk and held various underwriting positions, including European Zone underwriting officer with Chubb in London.
Serving businesses and professionals since 1897, CNA is the country's eighth largest commercial insurance writer and the 13th 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.
Jennifer Martinez, 312-822-5167
Sarah Pang, 312-822-6394
Jason Spears, +44 (0)207 105 3307
SOURCE CNA Financial Corporation
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