Laurence A. Tisch, the Co-Chairman and co-founder of Loews Corporation, the parent company of CNA Financial Corp., passed away Saturday in New York. Tisch, 80, succumbed to cancer.
He and his brother Preston R. “Bob” Tisch started with one hotel in 1946 and built a corporate empire that includes CNA, Loews Hotels, Lorillard, Inc., Diamond Offshore Drilling, Inc., Bulova Corp. and interstate natural gas pipeline company, Texas Gas Transmission.
Tisch served as Loews CEO for over 26 years, retiring in 1998, but remained co-chairman of the board of directors. His son, James S. Tisch, is its current President and CEO.
“In addition to his many years of service to Loews Corporation, Mr. Tisch was tireless in his philanthropic efforts. Among other things, he was noted for his efforts on behalf of New York University where he served as Chairman of the Board of Trustees from 1978 to 1998. He was also a former president of the United Jewish Appeal of Greater New York and served as a trustee of the Metropolitan Museum of Art in New York City,” said a company bulletin.
Was this article valuable?
Here are more articles you may enjoy.
FTC Sues Hims & Hers for Sending User Health Info to Meta, Snap 
NHTSA Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
