New York Governor-elect Eliot Spitzer has tapped Eric R. Dinallo, the chief prosecutor behind allegations of financial industry misconduct, to become the state's insurance superintendent.
Mr. Dinallo, currently the general counsel of Willis Group Holdings, was chief of the Investment Protection Bureau for then Attorney General Spitzer's office. He was responsible for heading up a series of investigations into unethical practices of the financial services industry. As a result, the largest insurance brokers in the world were involved in allegations of wrongdoing and paid billions of dollars in settlements.
Mr. Dinallo served with the New York Attorney General's Office until September 2003, when he joined Morgan Stanley as a managing director and head of regulatory matters.
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