Reinsurance Association of America lines up new president

The Reinsurance Association of America (RAA), the trade association of property and casualty reinsurers, has appointed a new president succeeding Frank Nutter, who will retire at the end of the year.

RAA has named Lee Covington (pictured), current president and CEO of The Surety & Fidelity Association of America (SFAA), as president-elect.

Nutter is set to retire after 32 years as president of the association. Covington will assume the role of president on January 1, 2024.

Covington has led the SFAA since 2018. Prior to that, he was senior vice president, Government Affairs and General Counsel of the Insured Retirement Institute. He has also held positions at Squire Patton Boggs, PWC, director of the Ohio Department of Insurance, and deputy director of the Arkansas Insurance Department.

Justin O’Keefe, chair of the RAA’s board of directors said: “Over the last four decades, Frank has grown the RAA into the leading voice for the reinsurance industry in the United States. Guided by Frank’s leadership, integrity, and vision, the RAA team has addressed some of our industry’s most complex issues at both a federal and state level. On behalf of the RAA membership, Board of Directors and staff, I would like to thank Frank for his unwavering commitment to the RAA and wish him and his family a happy retirement.”

O’Keefe added: “I am delighted to welcome Lee to the RAA. He is an immensely qualified leader and his deep expertise and extensive career in insurance industry advocacy and regulation will be invaluable to the RAA. The Board and I look forward to working with Lee as he continues to advance the RAA’s strategic priorities and advocate on behalf of our members.”

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