Former Pennsylvania Insurance Commissioner Michael F. Consedine has been named chief executive officer of the National Association of Insurance Commissioners (“NAIC”), effective in early 2017.
Mr. Consedine will lead the NAIC's office in Washington, D.C., with primary responsibility over state and federal government affairs and international activities, the NAIC said in a statement. Mr. Consedine's responsibilities will include outreach to federal and international policymakers, state government associations, and consumer and industry representatives.
“Mike brings valuable experience and energy to this role during a time of transition with a new administration and Congress,” said John M. Huff, the president of the NAIC and Missouri's Insurance Director. “He is highly respected by members of the NAIC and served this body with distinction when he was Pennsylvania's Insurance Commissioner.”
Mr. Consedine was elected by his peers to serve as an officer of the NAIC from 2013 to 2015, including president-elect, vice president, and secretary-treasurer. He served on a number of committees focused on international and domestic matters, including as chair of the International Insurance Relations (G) Committee, the Reinsurance (EX) Task Force, and the Health Care Reform Alternatives Working Group.
“I have always been proud of the NAIC as an organization and I am extremely honored to serve as CEO during such an important time for state-based insurance regulation,” said Mr. Consedine. “My experience as an attorney, insurance commissioner, and executive will provide a solid foundation as we advance the work of the NAIC to safeguard insurance regulation and protect consumers.”
Mr. Consedine currently serves as senior vice president and global head of government and policy affairs for Aegon, where he is charged with leading policy and regulatory engagement for one of the world's largest financial services companies. Aegon operates in 20 countries and serves more than 30 million customers. Mr. Consedine also serves as head of government affairs for Aegon's U.S. subsidiary, Transamerica.
Prior to his current role, Mr. Consedine was the NAIC's representative to the EU-U.S. Insurance Dialogue Steering Committee and was active in the International Association of Insurance Supervisors (“IAIS”), where he served on its executive committee.
Andy Beal, current acting NAIC CEO, will continue in his role as chief operating officer and chief legal officer, overseeing the Kansas City and New York offices and managing the day-to-day operations of the organization.
Learn more: www.naic.org.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].