CNA Financial Corporation names next chief executive

CNA Financial Corporation names next chief executive | Insurance Business Canada

Insurance News

CNA Financial Corporation names next chief executive

Predecessor will become executive chairman

Insurance News

By
Terry Gangcuangco

CNA Financial Corporation executive vice president and global head of underwriting Doug Worman (pictured) will step into the roles of president and chief executive at the start of next year.

The appointment will see current chairman and CEO Dino E. Robusto transition to the executive chairman position. In his new capacity beginning 2025, Robusto will lead the CNA board of directors while acting as a strategic advisor to Worman, supporting the company’s objectives.

Expressing his confidence in Worman’s capabilities, Robusto stated: “Doug is an exceptional underwriting executive and has strengthened and solidified CNA’s underwriting culture and profitability.

Worman, reflecting on his upcoming remit, commented: “I am honoured 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 P&C (property and casualty) insurer.”

Since joining CNA in March 2017 as executive vice president and chief underwriting officer, Worman has played a crucial role in developing CNA’s product organizations and business units. He spearheaded the company’s global underwriting committee, which led to his current position as global head of underwriting in 2022. CNA’s operations span the US, Canada, and Europe.

Before joining the insurance group, 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 posts, ultimately becoming president and CEO of AIG Excess Casualty Group.

Meanwhile James S. Tisch, a CNA board member and the 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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