CHICAGO, Nov. 14, 2014 /PRNewswire/ -- CNA Financial Corporation ( NYSE: CNA) today announced the appointment of two new Actuarial senior vice presidents.
Mark Kaufman has been appointed senior vice president of Actuarial Pricing for Specialty Insurance, effective November 17. In this critical leadership role, Mark will be responsible for the overall direction and general management of specialty pricing in accordance with the company's strategic plan and will report directly to Mark Herman, president and chief operating officer, CNA Specialty.
"Actuarial pricing is critical to the overall performance of underwriting, and our strategy has been to align those resources and organize expertise more directly to the business decision makers," said Tom Motamed, chairman and chief executive officer, CNA.
Mark brings more than 20 years of actuarial experience to CNA, most recently serving as chief actuary of Global Professional lines for XL. Prior to that, Mark served as vice president and chief actuary for the Construction, Oil and Gas and Public Sector lines of businesses at Travelers. He is a Fellow of the Casualty Actuarial Society and holds an MBA from the University of Chicago, Booth School of Business.
In addition, Michael Shane has been appointed senior vice president of Reserving, also effective November 17. In this equally critical role, Michael will serve as the appointed actuary for the U.S. and Bermuda subsidiaries of the CNA insurance companies.
Michael has proven senior leadership skills, serving as a chief actuary as well as having held key leadership positions in both finance and claim organizations. Most recently, Michael served as chief actuary for The RiverStone Group, a wholly-owned subsidiary of Fairfax Financial. He is a Fellow of the Casualty Actuarial Society and holds an MBA from Boston University.
Serving businesses and professionals since 1897, CNA is the country's eight largest commercial insurance writer 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 service mark registered by CNA Financial Corporation with the United States Patent and Trademark Office. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities.
Jennifer Martinez, 312-822-5167
Sarah Pang, 312-822-6394
SOURCE CNA Financial Corporation