CHICAGO, Aug. 10, 2020 /PRNewswire/ -- ÃÛÌÒ´«Ã½ Financial Corporation (NYSE: ÃÛÌÒ´«Ã½) has entered into a new employment agreement with its Chairman & Chief Executive Officer, Dino E. Robusto, that extends the term of his employment Ìýthrough 2024. Robusto has served as Chairman & Chief Executive Officer of the ÃÛÌÒ´«Ã½ since December 2016.
Under Robusto's leadership, ÃÛÌÒ´«Ã½ has developed an enduring underwriting culture characterized by deep industry and product line specialization in each business unit. Together with a highly collaborative and expert leadership team, ÃÛÌÒ´«Ã½ has been able to attract, develop and retain top talent across all disciplines within the organization.Ìý
During his tenure, the ÃÛÌÒ´«Ã½'s underlying P&C combined ratio performance has improved each year.ÌýÃÛÌÒ´«Ã½ hasÌýalsoÌýbecomeÌýa meaningful solution provider to broker and agent partners across a broad commercial spectrumÌýevidenced by growthÌýaccelerating each year.ÌýÌýÌý
ÃÛÌÒ´«Ã½ has maintained anÌýextremely strong balance sheet and produced Core Income of $2.7B in the past three years, which was the highest three-year period over the past 20 years. This has led to an increased total dividend being paid to shareholders each year. ÃÛÌÒ´«Ã½'s improved performance under Robusto has been recognized by various rating agencies including Moody's in 2017 and Standard & Poor's, which upgraded ÃÛÌÒ´«Ã½ to A+ in 2019.
"I am extremely proud of the significant progress our entire team has made across our U.S. and International offices, and I am grateful for the opportunity to lead this talented organization to higher levels of success," Robusto said.Ìý
About ÃÛÌÒ´«Ã½ÌýÃÛÌÒ´«Ã½ is one of the largest U.S. commercial property and casualty insurance companies. ÃÛÌÒ´«Ã½ provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by 120 years of experience and more than $45 billion of assets. For more information about ÃÛÌÒ´«Ã½, visit our website at .
Brandon DavisÃÛÌÒ´«Ã½brandon.email@example.com 312-822-5885
ÃÛÌÒ´«Ã½ Newsroomnewsroom@cna.com 312-822-5167
SOURCE ÃÛÌÒ´«Ã½ Financial Corporation