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CNA INSURANCE NAMES DENNIS CHOOKASZIAN NEW CHAIRMAN, CEO

CNA INSURANCE NAMES DENNIS CHOOKASZIAN NEW CHAIRMAN, CEO
 CHICAGO, Sept. 30 /PRNewswire/ -- Dennis H. Chookaszian, 49, today was named chairman of the boards and chief executive officer of the CNA Insurance Companies by the board of CNA Financial Corp., the insurer's parent holding organization. Chookaszian succeeds Edward J. Noha, who held the position since 1975.
 Chookaszian has been a key member of CNA's senior staff since 1975. He was active in implementing the strategies that lifted CNA from near collapse to industrywide pre-eminence.
 Since 1990, he has served as president and chief operating officer, responsible for all of CNA's businesses, including Field Operations, Group Benefits, Specialty Operations and National Accounts.
 Prior to 1990, Chookaszian was chief financial officer of CNA Financial Corp. and the CNA Insurance Companies. In this position, he was responsible for CNA's financial activities and systems operations.
 "Over the past 17 years under Ed Noha's leadership," Chookaszian observed, "CNA has built a reputation as a financially sound company. We owe our growth and success to a loyal staff and seasoned management team that possesses exceptional talent and expertise."
 Prior to his career at CNA, Chookaszian was a management consultant at the Chicago office of Touche Ross & Co. (now Deloitte & Touche). He was involved in a wide range of consulting engagements, including design and implementation of financial and computer systems for the insurance industry.
 Chookaszian earned his bachelor's degree in chemical engineering at Northwestern University, a master's degree in business administration in finance at the University of Chicago and a master of science degree in economics at the London School of Economics. He is a certified public accountant and a certified management consultant.
 Throughout his CNA career he has reported to Noha, who now becomes chairman of CNA Financial Corp. Noha succeeds Laurence A. Tisch in this position. Tisch will remain on the CNA Financial Corporation's board as chairman of the executive committee.
 Tisch said the continuity of strong leadership is assured with Chookaszian's appointment. "Dennis' values of integrity and professionalism assure CNA that it has a leader who is well prepared to steer the company to new heights in the 1990s and beyond," he said.
 Looking ahead, Chookaszian said, the company will continue to build on the foundation of being one of the industry's leading companies. "CNA will continue to concentrate on a multiline strategy in the domestic market," he said. "Long-term profitability, value-added services and long-term relationships with our agents and clients will remain top priorities."
 The industry is in the midst of difficult times and Chookaszian believes that in the long term controlling loss costs underlies competitive strength. "Competitive and regulatory pressure make it essential for all parts of our industry to become more efficient and deliver the insurance product at a lower cost. And it has never been more important for customers to perceive the value added by their insurance companies."
 -0- 09/30/92
 CONTACT: Warren Moulds, 312-822-5819, or David Thomson, 312-822-2084, both of CNA
 (CNA) CO: CNA INSURANCE COMPANIES; CNA FINANCIAL CORP. IN: INS SU: PER ST: IL -- NY091 -- X697 09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
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