Published: September 09, 2009
CNA Appoints Brian Loebach Senior Vice President, Warranty and Alternative Risks
CHICAGO - (BUSINESS WIRE) - CNA Financial Corporation (NYSE: CNA) announced that Brian Loebach has
been appointed senior vice president of Warranty and Alternative Risks.
In this newly created position, Loebach will be responsible for
leadership and profitable growth of CNA's warranty business which
includes CNA National Warranty Corporation and a long-standing
relationship with a third party administrator of extended service plans.
A wholly owned subsidiary of CNA, CNA National is a recognized leader in
the vehicle service contract industry.
"Brian has a 30-year career with CNA, and we feel confident that he will
strategically build on the success of these two businesses as he focuses
on driving strategies, analytics and accountabilities," said Peter
Wilson, president and chief operating officer, CNA Specialty.
Loebach joined CNA in 1979 and during his tenure has moved into
positions of increasing responsibility. Most recently, he served as
senior finance officer for CNA Specialty and was responsible for the
financial analysis, oversight and governance for its domestic and
international operations.
Founded in 1982 and headquartered in Scottsdale, Arizona, CNA National
Warranty (CNAN) offers a choice of program structures as well as GAP
coverage and tire-and-wheel protection. Since 1995, CNAN has held the
exclusive endorsement of the American International Automobile Dealers
Association; and, since 2005, has been named Best Service Contract
Provider by Auto Dealer Monthly's Dealers' Choice Awards.
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
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