CNA Appoints Bob Lindemann President and Chief Operating Officer, CNA Commercial
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CHICAGO--(Business Wire)-- CNA Financial Corporation (NYSE: CNA) announced today that Bob Lindemann has been appointed to the position of president and chief operating officer of CNA`s Commercial Lines operations. In this role, Lindemann will be responsible for achieving profitable growth in CNA`s $3.5 billion commercial property and casualty business, which is now comprised of Business Insurance, serving smaller commercial accounts, and Commercial Insurance, serving middle market and risk management accounts. Lindemann will join CNA on August 4 and report to Tom Motamed, chairman and chief executive officer, CNA. "Bob`s 33-year insurance career is a record of increasing responsibility and success in complex underwriting and claim functions," said Motamed. "His leadership, expertise and experience will be huge assets to our strategies for growing our Commercial Lines operations` top and bottom lines." Lindemann joins CNA from Zurich North America, where he most recently served as chief operating officer of Commercial Markets, Zurich`s largest business insurance unit in North America. Previously in his Zurich career, he led the turnaround of the company`s middle market business, opening new offices, refreshing current products, adding proprietary products, and changing the geographic mix and segmentation. Lindemann`s decision to enter the insurance industry was made early, when he received a college scholarship through Kemper Insurance as a "Kemper Scholar." He then went on to work for Kemper where, over a 28-year period, he rapidly advanced from an underwriter to several branch, regional and business leadership roles. In his last position, Lindemann was president for American Manufacturers Mutual - Kemper`s small and middle market commercial business and its largest unit at the time. He led the business to profitability within two years and achieved its first sub-100 combined ratio in more than a decade. Serving businesses and professionals since 1897, CNA is the country`s seventh largest commercial insurer 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 registered trademark of CNA Financial Corporation. FORWARD-LOOKING STATEMENT This press release may include statements which relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as "believes", "expects", "intends", "anticipates", "estimates", and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties please refer to CNA`s filings with the Securities and Exchange Commission, available at www.cna.com. Any forward-looking statements made in this press release are made by CNA as of the date of this press release. Further, CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA`s expectations or any related events, conditions or circumstances change. CNA Financial Corporation Media Contact: Katrina Parker, 312/822-5167 Copyright Business Wire 2009
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