Robert Gendelman Joins Loews Corporation as Senior Portfolio Manager and Head of Equity Investments

  Robert Gendelman Joins Loews Corporation as Senior Portfolio Manager and
  Head of Equity Investments

Business Wire

NEW YORK -- January 11, 2013

Loews Corporation (NYSE: L) has hired Robert Gendelman as a Senior Portfolio
Manager and Head of Equity Investments.

Gendelman has more than 20 years of experience in the financial services
industry and has a proven track record as a value investor. Most recently,
Gendelman was Chief Investment Officer for RG Advisors, and prior to that was
Managing Director at Clearbridge Advisors -- a Legg Mason company-- where he
managed assets for Legg Mason Partners Capital & Income Fund. He also spent
approximately 10 years as a portfolio manager at Neuberger Berman.

Loews Corporation, a holding company, is one of the largest diversified
corporations in the United States. Its principal subsidiaries are Boardwalk
Pipeline Partners, LP (NYSE: BWP); CNA Financial Corporation (NYSE: CNA);
Diamond Offshore Drilling, Inc. (NYSE: DO); HighMount Exploration & Production
LLC; and Loews Hotels.

Contact:

Loews Corporation
Mary Skafidas
Vice President, Investor and Media Relations
212-521-2788