December 1, 2009 (FinancialWire) — Loews Corp. (NYSE: L) said that Jacob A. Frenkel has been elected a director of the company. Frenkel is chairman of the Group of Thirty, which is a private, nonprofit, consultative group on international economic and monetary affairs.

Frenkel has previously served as vice chairman (of American International Group, Inc., as chairman of Merrill Lynch International Inc. and as Governor of the Bank of Israel.

New York-based Loews Corp.’s principal subsidiaries are CNA Financial, a 90% owner subsidiary; Diamond Offshore Drilling, Inc. (NYSE: DO), a 50.4% owned subsidiary; HighMount Exploration & Production LLC, a wholly owned subsidiary; Boardwalk Pipeline Partners, LP (NYSE: BWP), a 72% owned subsidiary; and Loews Hotels, a wholly owned subsidiary.

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