NAIC appoints a new chief executive

Michael Consedine, the former Pennsylvania Insurance Commissioner, has been named chief executive of the National Association of Insurance Commissioners (NAIC), effective in early 2017.

Consedine will lead the NAIC's Washington, DC office with primary responsibility over state and federal government affairs and international activities.
"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."

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.

"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 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."

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.