Chicago-based commercial lines insurer CNA announced that its chief financial officer, Robert V. Deutsch, will step down once a replacement is found. CNA reported a first-quarter loss of $125 million thanks to the sale of its life insurance benefits unit.
Deutsch joined the carrier, the fourth-largest commercial lines insurer in the country, in 1999 and is reported to be retiring for family reasons. His family lives in Hartford, Conn.
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