Robusto to remain CEO of CNA Financial until 2024

US-based commercial insurer CNA Financial Corporation has entered into a new employment agreement with its chairman and chief executive officer Dino Robusto, extending his contract through 2024.

Robusto has served as chairman and chief executive officer of the company since December 2016.

During his tenure, the company’s underlying property and casualty combined ratio performance has improved each year. CNA has maintained a strong balance sheet and produced core income of $2.7 billion in the past three years, which was the highest three-year period over the past 20 years. The total dividend being paid to shareholders increased each year.

Commenting on the extension, Robusto said: “I am extremely proud of the significant progress our entire team has made across our U.S. and International offices, and I am grateful for the opportunity to lead this talented organization to higher levels of success.”