Tom Motamed Death – Tom Motamed, the former CNA Financial Corporation chief executive died at age 74. He passed away after battling with brain cancer with his family members around. Since January 2019, he has been a member of the board of directors of American International Group Inc. However, he recently came to the conclusion that it is in his best interest to step down from his position on the board of directors of the firm owing to personal concerns he has over his health which sadly, resulted in his death.
In 2009, Mr. Motamed was given the role of chairman and CEO of CNA, and he retired from his position with the insurer in 2016. After he retired from his position at CNA, he joined the board of directors of American International Group Inc. in 2019, however he resigned in January due to concerns about his health. In 1977, Mr. Motamed began his career in the insurance industry with Chubb Corporation as a claims trainee.
He worked in this field for a total of 45 years. Before departing to take the helm at CNA, he worked his way up through the ranks to become vice chairman and chief operational officer. According to a spokesman for CNA, the company will make a contribution to cancer research in Mr. Motamed’s honor.
About CNA Financial Corporation
CNA Financial Corporation is a multinational financial services provider with headquarters in Chicago, Illinois, in the United States of America. In 1897, the Continental Casualty Company (CCC), which would later become its primary subsidiary, was established. CNA, the present parent firm, was established in 1967 as a separate legal entity. As of the end of 2018, CNA was ranked as the seventh largest business insurer in the United States.
Products and services related to property and casualty insurance are offered by CNA to commercial enterprises and professionals in the United States of America, Canada, Europe, and Asia. The holding company Loews Corporation owns almost ninety percent of CNA itself. This holding company also includes interests in oil and gas exploration, hotel operations, natural gas transmission pipes, natural gas transmission pipelines, offshore oil and gas drilling rigs, and package manufacture.
Tom Motamed obituary and funeral arrangements will be released by family members
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