Life Insurance

CNA Hardy parent sees exit of finance chief

CNA Financial Corporation, the US insurance group behind Europe-wide and Lloyd’s provider CNA Hardy, is looking for a new chief financial officer.

According to CNA, executive vice president and CFO Al Miralles has resigned, in a move marking the company stalwart’s departure from the insurance industry. It was announced that Miralles is leaving next month to transition to a career in technology.

Miralles joined CNA in August 2011 and became chief financial officer in February 2020.

CNA chair and chief executive Dino Robusto commented: “Al Miralles has been with CNA for more than 10 years and will be missed. We wish him well in his new endeavour.”

In the meantime, while the search is conducted, former chief actuary Larry Haefner will serve as interim CFO. He has been with the group for 13 years.

In a separate and earlier development, Michael Costonis is leaving the chief operations officer post to take on a new role as global head of marketing, strategy, and innovation at CNA. Replacing him at the start of the fourth quarter is Catalina Holdings’ Gary Haase.        

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