Thomas F. Motamed leaving Chubb to head CNA financial.(People in Insurance)(Brief article)

Chubb Corp. Vice Chairman and Chief Operating Officer Thomas F. Motamed is resigning from the New Jersey-based property/casualty insurer to become chairman and chief executive of CNA Financial Corp. next year, both companies said.

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Motamed's resignation was effective June 6, and he will assume his position at Chicago-based CNA on June 8, 2009. The delay is due to a non-compete clause in Motamed's compensation agreements with Chubb, the company said in a statement. The company did not name his …