CHICAGO--(BUSINESS WIRE)--CNA Financial Corporation (NYSE: CNA - News) announced that James Abraham will join CNA insurance companies as senior vice president of its Property & Marine operation, effective June 11, 2007.
Mr. Abraham has more than 25 years of industry experience, including serving as vice president of CNA's Minneapolis branch in 2002 and 2003. Most recently, he served as president and CEO for Willis of Minnesota. He also holds several professional insurance designations, including Chartered Property and Casualty Underwriter and Associate in Marine Insurance and Management.

"Given Jim's track record for achieving solid results, we are proud to welcome him back to the CNA team," said Tony De Padua, senior vice president, CNA Commercial Segments. "We're confident in Jim's ability to help achieve our growth initiatives and build upon our recent accomplishments."

As CNA's chief property officer, Mr. Abraham will also be responsible for the Large Property Segment, Marine, Boiler & Machinery and Wholesale Property. He will report to Mr. De Padua.

CNA is the country's seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered service mark, trade name and domain name of CNA Financial Corporation.

FORWARD-LOOKING STATEMENT

This press release includes statements which relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. You can identify forward-looking statements because generally they include words such as "believes", "expects", "intends", "anticipates", "estimates", and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties please refer to CNA's filings with the Securities and Exchange Commission, available at www.cna.com.

Any forward-looking statements made in this press release are made by CNA as of the date of this press release. CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA's expectations or any related events, conditions or circumstances change.

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Source: CNA Financial Corporation