Chicago based insurer, CNA Financial Corporation has announced an updated employment agreement with its Chairman & Chief Executive Officer, Dino Robusto.
Robusto has been in his current position since December 2016 and CNA has agreed to extend his contract agreement until 2024.
Under Robusto’s leadership, CNA has developed an enduring underwriting culture which has been characterised by deep industry and product line specialisation in each business unit.
Together with its leadership team, the firm has been able to attract, develop and retain talent across all disciplines within the organization.
During Robusto’s time within the company, their underlying P&C combined ratio performance has improved each year.
Additionally, the firm explains that it has also become a solution provider to broker and agent partners across a broad commercial spectrum evidenced by growth accelerating each year.
Robusto commented on his contract extension: “I am extremely proud of the significant progress our entire team has made across our U.S. and International offices, and I am grateful for the opportunity to lead this talented organization to higher levels of success.”
The Q2 results for CNA can be found here.