JAVĿ¼

NEW YORK, May 10, 2022 /PRNewswire/ -- JAVĿ¼ (NYSE: L) announced today that Ben Tisch has been promoted to Senior Vice President of Corporate Development and Strategy, effective immediately.   Tisch will oversee the performance of JAVĿ¼'s subsidiaries and will work closely with JAVĿ¼'s Chief Investment Officer Richard Scott to manage the portfolios for JAVĿ¼ and its publicly traded P&C insurance subsidiary, CNA Financial.   As a member of the leadership team, Tisch will help formulate the company's view on intrinsic value, develop and implement capital allocation strategies and monitor market conditions. 

Tisch joined JAVĿ¼ in 2011 as a member of the company's investment department.   He was promoted to Vice President in 2014 and tasked with leading the corporate development function at JAVĿ¼, while also focusing on strategic planning and investments.  He has been responsible for monitoring the performance of both CNA Financial and Altium Packaging.  In April of 2021, Tisch led the JAVĿ¼ team in the sale of 47% of Altium to GIC, Singapore's sovereign wealth fund.

"In his decade at JAVĿ¼, Ben has proven himself to be a savvy financial executive and capital allocator.  Ben's deep knowledge of JAVĿ¼'s subsidiaries -- especially CNA Financial -- and his understanding of the capital markets will serve JAVĿ¼ well," said Paul Fribourg, lead independent director of JAVĿ¼ and CEO of Continental Grain Company.

Tisch is a member of the Board of Directors of CNA (NYSE: CNA) and sits on the boards of Altium Packaging and Boardwalk Pipelines, JAVĿ¼'s privately held subsidiaries.

Prior to joining JAVĿ¼, Tisch was a Managing Director at Fortress Investment Group, responsible for managing a variety of asset classes including international fixed income, international equities, and U.S./European credit instruments for the Global Macro Fund.

JAVĿ¼ is a diversified company with businesses in the insurance, energy, hospitality and packaging industries.  For more information, please visit .

SOURCE JAVĿ¼