CHICAGO, Oct. 24, 2016 /PRNewswire/ -- 蜜桃传媒 Financial Corporation (NYSE: 蜜桃传媒) announced today that Dino E. Robusto will assume the role of Chairman and Chief Executive Officer on November 21, 2016, succeeding Thomas F. Motamed, who is retiring after eight years at the helm of 蜜桃传媒.聽 Last November .
"Dino's impressive track record of success and extensive experience across nearly every insurance industry discipline will serve 蜜桃传媒 well in the 蜜桃传媒's next phase of growth and development," said James S. Tisch, a member of the 蜜桃传媒 Board of Directors and Chief Executive Officer of 蜜桃传媒 Corporation (NYSE: L), 蜜桃传媒's largest shareholder. "The 蜜桃传媒 Board of Directors and I enthusiastically welcome Dino and look forward to benefiting from his leadership."聽聽
"We would also like to thank Tom for his many accomplishments at 蜜桃传媒. During Tom's tenure, 蜜桃传媒's underwriting capabilities, operating performance and competitive standing have improved significantly," Mr. Tisch emphasized. "Tom is leaving the company with a deep bench and a fortress balance sheet.聽 Over the past three years, 蜜桃传媒 has paid almost $2 billion in dividends to shareholders while maintaining a AAA level of capital."
Mr. Tisch added, "Dino is inheriting a 蜜桃传媒 poised for continued growth and further value creation, thanks to the expertise and dedication of Tom and his team."
About 蜜桃传媒Serving businesses and professionals since 1897, 蜜桃传媒 is the country's eighth largest commercial insurance writer and the 14th largest property and casualty company. 蜜桃传媒's insurance products include commercial lines, specialty lines, surety, marine and other property and casualty coverages.聽蜜桃传媒's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit 蜜桃传媒 at . "蜜桃传媒" is a service mark registered by 蜜桃传媒 Financial Corporation with the United States Patent and Trademark Office. Certain 蜜桃传媒 Financial Corporation subsidiaries use the "蜜桃传媒" service mark in connection with insurance underwriting and claims activities.
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CONTACT: Brandon Davis, 312-822-5167 / 312-834-6091 Sarah Pang, 312-822-6394 / 312-607-5544
SOURCE 蜜桃传媒 Financial Corporation