CNA Surety Corp. in Chicago has announced that John F. Corcoran will become its chief financial officer and a senior vice president on Jan. 1, succeeding John S. Heneghan.
Mr. Corcoran is to join CNA Surety this month as a senior executive officer to ensure an orderly transition, the company said Tuesday.
Previously, he was a senior vice president and senior financial officer in global and specialty lines at CNA Insurance Cos., where he gave overall financial leadership to business units generating about $3 billion of premium.
Mr. Corcoran participated in 1996 and 1997 on the due diligence team that led to the formation of CNA Surety Corp.
Through its principal subsidiaries, Western Surety Co. and Universal Surety of America, CNA Surety sells surety and fidelity bonds in all 50 states through a network of about 34,000 independent agencies.
