Dino Robusto News

As Underwriting Pain Increases, Insurers Pull Back from Underperforming Lines

News that Lloyd’s is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive said last week. Markel Corp. Co-Chief Executive Officer Richie Whitt …

CNA Reports Solid Q4 and Year 2017 Despite Catastrophes

Insurer CNA saw its fourth quarter 2017 combined ratio improve and its quarterly net income dip only slightly despite catastrophe losses. For the full year 2017, it achieved net income of nearly $900 million, which was higher than the year …

CNA Results Improved in Q1

CNA Financial Corp. announced first quarter 2017 net income of $260 million and net operating income of $235 million, compared to $66 million and $91 million for the first quarter 2016. Property & Casualty Operations’ net operating income was $268 …

CNA CEO Robusto ‘Back in the Game,’ Sees Room for Improvement in 2017

CNA reported fourth quarter and full year 2016 results, with its new CEO indicating that while there is a strong foundation at the insurer, the company has work to do in improving underwriting discipline and results and that is his …

Former Chubb Executive Robusto to Succeed Motamed at CNA Next Month

Former long-time Chubb executive Dino E. Robusto will assume the roles of chairman and chief executive officer on November 21, 2016 at CNA, succeeding Thomas F. Motamed, who is retiring after eight years at the helm of CNA. Last November …

Robusto to Leave Chubb to Head CNA Financial in 2016, Succeeding Motamed

Long-time Chubb Insurance executive Dino E. Robusto will become chairman and chief executive officer of CNA Financial Corp. in December 2016. Robusto, who is executive vice president of Chubb and president of commercial and specialty lines, will succeed Thomas F. …

ACE Names North America Management Team for New Chubb

ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America leadership team for the company to be …