CNA Surety Corp. recently announced that David Edelson, a senior vice president of Loews Corp., the parent company of CNA Financial Corp. who is the parent company of CNA Surety, joined its Board of Directors effective today, Feb. 13, 2007. Edelson will replace Roy E. Posner, who died suddenly on Dec. 31, 2006.
“We are delighted to welcome David Edelson to our board,” commented John Welch, president and CEO. “He brings a wealth of financial experience to our board. We look forward to his counsel and support.”
Edelson has served as corporate treasurer of JPMorgan Chase & Co., where he worked from 1997 until joining Loews. He also spent over ten years as an investment banker at Goldman Sachs & Co.
CNA Surety Corp. identifies itself as the largest publicly traded surety company in the country. Through its principal subsidiary, Western Surety Company, CNA Surety provides surety and fidelity bonds in all 50 states through a combined network of approximately 36,000 independent agencies.
Source: CNA Surety Corp.
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