CNA Names Robert Patin to Lead Life and Healthcare & Benefits; Patin Joins CNA as Chief Executive Officer of Two Separate Business Areas.Business Editors CHICAGO--(BUSINESS WIRE)--Jan. 22, 2001 CNA Financial CNA Financial Corporation (NYSE: CNA) is a financial corporation based in Chicago, Illinois, United States, and noted for its 600 foot tall red headquarters building there. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. Corporation (NYSE NYSE See: New York Stock Exchange : CNA (Certified NetWare Administrator) See Novell certification. ), the nation's second largest commercial insurer, today announced that Robert W. Patin pat·in n. Variant of paten. will join CNA as Chief Executive Officer for both CNA Life and CNA Healthcare & Benefits reporting directly to Bernard L. Hengesbaugh, Chairman and Chief Executive Officer of CNA Insurance Companies. CNA Life provides life and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. insurance and annuity products, while CNA Healthcare & Benefits provides life, disability, accident, and long term care programs for employer and affinity groups. A seasoned insurance industry executive, Mr. Patin recently served as Chairman and Chief Executive Officer of the Washington National Corporation leading the Chicago-based company to eight consecutive years of improved operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. before it was purchased by Conseco. Before the sale, Washington National was a publicly traded (NYSE) insurance holding company - the largest supplier of voluntary disability insurance to educators and a national leader in the universal life insurance market. Mr. Patin has also served as President of Insurance Operations for GE Capital Corporation as well as President of GE's Puritan Life Insurance Company, a wholly owned life subsidiary. He began his career with the Connecticut General Life Insurance Company culminating with a post as Vice President, Sales & Marketing, in the Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Division. A graduate of Muskingum College (Ohio), Mr. Patin is also active in community affairs serving as an Advisory Board Member of the J.L. Kellogg Graduate School of Management, Northwestern University; a member of the Muskingum College Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. and its Executive Committee; and trustee of National-Louis University. "I am pleased to have the strength and experience of Bob Patin leading both our Life and Healthcare & Benefits operations," stated Bernard Hengesbaugh. "We have had a strong record of achievement in these areas, and Bob's steady leadership will only allow us to improve our outlook in the future. His years of experience, and his depth of knowledge of the insurance industry will certainly be a winning combination for us at CNA." CNA is a leading insurance organization serving individuals and businesses with a broad range of insurance products and insurance-related services. Since 1897, CNA has built on a foundation of financial strength, stability and commitment to customers and business partners. Visit CNA at www.cna.com. CNA is a registered service mark, trade name, and domain name of CNA Financial Corporation. |
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