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Former Pa. insurance chief to head national trade group

Former Pennsylvania Insurance Commissioner Michael Consedine has been named CEO of the NAIC. - (Photo / File)

A familiar Pennsylvania name will head the National Association of Insurance Commissioners next year.

Michael Consedine, Pennsylvania’s insurance commissioner from 2011 to 2015, will take on the role of CEO at the NAIC in early 2017.

Consedine will lead the NAIC’s Washington, D.C. office, taking primary responsibility over state and federal government affairs and international activities.

“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,” Consedine said in a news release announcing the appointment.

Consedine has served several roles at the NAIC, the country’s standard-setting and regulatory support organization, over the past three years, including president-elect, vice president and secretary treasurer.

He is currently a senior vice president and global head of government and policy affairs for financial services company Aegon, where he leads policy and regulatory engagement.

“Mike brings valuable experience and energy to this role during a time of transition with a new administration and Congress,” said John Huff, NAIC president and Missouri insurance director. “He is highly respected by members of the NAIC and served this body with distinction when he was Pennsylvania’s insurance commissioner.”

Andy Beal, currently NAIC’s acting CEO, will continue in his role of COO and chief legal officer.

Jennifer Wentz
Jennifer Wentz covers Lancaster County, York County, financial services, taxation and legal services. Have a tip or question for her? Email her at jwentz@cpbj.com.

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