CNA Financial announces key leadership appointments

CHICAGO - CNA Financial Corporation (NYSE:CNA), a $12.88 billion market cap insurance company with a strong InvestingPro Financial Health score of GOOD, announced Tuesday a series of leadership appointments aimed at restructuring its executive team across several business segments.

David Haas has been named President Global Specialty, where he will oversee Financial Lines, Healthcare, Affinity and Warranty operations. Michael Nardiello has been appointed President Global Property & Casualty, expanding his current responsibilities to include leadership of Casualty alongside his existing Property and Marine oversight.

Additionally, Song Kim has been appointed President Global Commercial Industry Segments, with his role expanding to include Construction alongside his current responsibilities for Middle Market and Small Business segments.

"These appointments are a testament to the exceptional depth of talent and expertise across CNA," said Douglas M. Worman, President and Chief Executive Officer of CNA, according to the company’s press release.

The leadership changes appear designed to consolidate oversight of related business segments under single executives. All three appointees were already serving in leadership positions at the company prior to these promotions.

CNA Financial is one of the largest U.S. commercial property and casualty insurance companies, with operations in the U.S., Canada and Europe. The company has been in business for more than 125 years.

The announcement comes as part of what appears to be a broader organizational restructuring at the insurance provider, though specific strategic objectives behind the leadership changes were not detailed in the company’s statement. The company maintains solid fundamentals with a gross profit margin of 31.61% and positive earnings forecasts for the current fiscal year, according to InvestingPro data.

In other recent news, CNA Financial Corporation reported its second quarter 2025 earnings, revealing a core income of $335 million, or $1.23 per share. This performance surpassed analyst expectations, which had projected earnings of $0.98 per share. Additionally, CNA Financial announced the closing of a $500 million offering of 5.200% notes due in 2035. The offering was conducted under the company’s effective shelf registration statement on Form S-3, with a prospectus supplement dated August 5, 2025. The legal aspects of the notes were reviewed by Willkie Farr & Gallagher LLP, whose opinion and consent were filed as exhibits. These developments highlight CNA Financial’s recent financial activities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.