New York's former attorney general, Eliot Spitzer, who took the oath of office as the state's new governor last week, will bring along a former colleague with firsthand experience to serve as his insurance industry watchdog.

Mr. Spitzer–whose legacy as attorney general includes probes exposing insurer bid-rigging, contingency fee abuse and misuse of finite reinsurance to artificially bolster balance sheets–tapped Eric R. Dinallo, formerly his chief prosecutor investigating allegations of financial industry misconduct, to become the state's new insurance superintendent.

Mr. Dinallo is no stranger to the industry, having most recently served as general counsel of Willis Group Holdings, responsible for the firm's legal and regulatory affairs globally. Before joining Willis last March, he was a managing director and head of regulatory matters at Morgan Stanley, where he worked since September 2003.

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