NU Online News Service, Jan. 30, 3:47 p.m. EST
New Jersey's Banking and Insurance Commissioner Tom Considine will leave his post to become the chief operating officer of MagnaCare, a health plan service company inNew York.
In a statement from the office of Gov. Chris Christie today, the governor named Ken Kobylowski, currently the chief of staff and acting director of banking at the Department of Banking and Insurance, to replace Considine when he officially leaves his post on Feb. 10.
Christie praised Considine for improving the state's regulatory climate during his time in office and "bringing private sector metrics and performance management to state government."
Considine became commissioner on Jan. 15, 2010, after working for MetLife for close to 17 years.
Kobylowski, an attorney in private practice for 20 years, joined the department in February of 2010 as chief of staff, taking on the additional role of acting director of banking in October of 2011.
In a statement, MagnaCare says Considine will assume his post as COO in March.
Responding to Considine's departure, Bernie Flynn, president and chief executive officer of New Jersey Manufacturers Insurance Co. said, "Commissioner Considine has been a strong consumer advocate while supporting a vibrantNew Jerseyinsurance market. His record of accomplishment during his two-year tenure is impressive, particularly the leadership he displayed in response to the dramatic events caused by Tropical Storm Irene and the department's initiative in proposing regulatory reforms in personal injury protection medical coverage designed to control costs borne by auto insurance policyholders."
He added, "We look forward to working with the governor's nominee as commissioner, Ken Kobylowski, in the continuing effort to better control medical costs for the benefit of all New Jersey drivers."
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