L Loews Corporation

CNA Financial Corp. said Monday that Dino Robusto will replace retiring chief executive officer Thomas Motamed, effective Dec. 1.

Mr. Robusto joins CNA after about 30 years at The Chubb Corporation. He started there in as a commercial lines underwriter, before moving on as 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.

James Tisch, a member of the CNA board of directors and the chief executive officer of Loews Corporation, CNA's largest shareholder, pointed to Mr. Robusto's experience across "virtually every industry discipline."

"We feel that Dino has the qualities necessary to lead CNA into its next phase of growth," he said.

Mr. Tisch said Mr. Motamed, who served as chief executive since 2009, set the company on a path of disciplined underwriting, consistent earnings growth and financial strength.

CNA is a commercial insurance writer whose insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.

Write to Anne Steele at anne.steele@wsj.com

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(END) Dow Jones Newswires

November 16, 2015 08:05 ET (13:05 GMT)

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