Chicago-domiciled insurer, CNA Financial Corporation, has promoted Doug Worman, currently the Executive Vice President & Global Head of Underwriting to President and Chief Executive Officer (CEO), effective January 1, 2025.
Simultaneously, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA’s Board of Directors. In this role, he will lead the board as well as serving as a strategic advisor to Worman.
Robusto, commented, “Doug is an exceptional underwriting executive and has strengthened and solidified CNA’s underwriting culture and profitability.
“Along with the board, I am confident in Doug’s ability to lead CNA forward. He builds excellent organizational talent, skilfully cultivates broker relationships, and drives innovation to deliver industry-leading products and services for business customers.”
James S. Tisch, Member CNA Board of Directors and CEO, Loews Corporation, CNA’s largest shareholder, commented, “We are extremely thankful to Dino who over the past 8 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.”
Worman joined CNA in March 2017 as Executive Vice President & Chief Underwriting Officer. The firm has stated that he was instrumental in building CNA product organizations and business units as well as spearheading the company’s Global Underwriting Committee. These two factors landed him his current position as the Global Head of Underwriting in 2022.
The executive is currently responsible for the oversight, strategy and underwriting direction of CNA’s Property & Casualty operations worldwide. Previously, Worman served as CEO of Endurance U.S. Insurance; Executive Vice President of Alterra Capital Holdings, a Stone Point Capital company; and CEO of Alterra US Insurance.
He began his insurance career as an underwriter at AIG, working his way up through various underwriting and management positions, eventually serving as President & CEO of AIG Excess Casualty Group, formerly known as American Home.
Worman concluded, “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 insurer.”
