CHICAGO--(BUSINESS WIRE)--Today, CNA Financial Corporation (NYSE: CNA) announced the appointment of Mark Verheyen to senior vice president and chief risk officer. In this role, Verheyen will lead company-wide risk management efforts, including determining risk tolerances as well as measuring and monitoring risk throughout CNA. Verheyen succeeds John Beckman who has accepted the role of chief underwriting officer in Commercial Insurance.
“Mark’s appointment reinforces the importance of the enterprise risk management function and highlights the depth of talent within CNA,” said Craig Mense, executive vice president and chief financial officer, CNA. “Mark is well respected here and within the industry as an expert in enterprise risk management; and we are pleased to have someone of his caliber at the helm of our company-wide risk management efforts.”
Since rejoining CNA in 2008, Verheyen has played a key role as a member of its Enterprise Risk Management team, leading the development of its internal economic model, an important part of strategic and operational planning, capital management decision making, and day-to-day business execution. His 20 years of insurance industry experience includes spending the first 10 years at CNA in a variety of roles including pricing, reserving, underwriting, and reinsurance. He went on to assume actuarial and modeling roles at other firms including Ernst & Young and Travelers before rejoining CNA.
Verheyen has a bachelor’s degree in Actuarial Science from the University of Illinois – Urbana Champaign. He is a fellow of the Casualty Actuarial Society, member of the American Academy of Actuaries, a Chartered Enterprise Risk Analyst, and an associate of the Society of Actuaries.
Serving businesses and professionals since 1897, 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 trademark of CNA Financial Corporation.