CNA Financial Corp. has named John Hennessy president and chief operating officer of CNA Canada and David Brosnan as chief executive of CNA Insurance Co. Ltd. (CNA Europe).
Mr. Brosnan is replacing Mr. Hennessy as head of CNA Europe, the Chicago-based insurer said in two statements Thursday.
Mr. Brosnan will continue to serve as the chief executive of Hardy, CNA's Lloyd's of London business, according to a statement.
“These changes are part of a broad strategy to serve the unique and expanding needs of multinational customers,” Thomas F. Motamed, chairman of the Hardy board of directors and chairman and CEO of CNA, said in the statement. “Dave's international expertise and leadership experience with Hardy will further strengthen the solid reputation of both brands. I commend both John and Gary on their outstanding leadership. They played critical roles in building a strong international strategy and brand, while expanding our multinational capabilities.”
Mr. Hennessy is replacing Gary Owcar, the current leader of CAN's Canadian operations, who will retire in September 2014, the insurer said.
Mr. Hennessy will be based in Toronto and Mr. Brosnan is based in London.