Transamerica has appointed Michael F. Consedine as senior vice president, deputy general counsel, and executive director of government affairs, overseeing all aspects of the company's state and federal government relations.
Mr. Consedine has spent his entire 20-year career in the insurance industry, as a regulator, policy advisor, and counsel. He served as the insurance commissioner for the Commonwealth of Pennsylvania from 2011 to 2015. In addition, Mr. Consedine served as president-elect and in other officer positions within the National Association of Insurance Commissioners (“NAIC”), during which time he chaired a number of NAIC committees focused on matters of international and domestic relevance for the U.S. insurance sector.
In 2011, he was named by the U.S. Treasury Department as a member of the Federal Advisory Committee on Insurance, charged with advising the Federal Insurance Office on domestic and international policy.
Mr. Consedine also served as a U.S. representative on bilateral discussions with the European Union on mutual recognition of each jurisdiction's insurance systems and was an executive committee member of the International Association of Insurance Supervisors.
Prior to his time as commissioner, Mr. Consedine was a partner and vice chair of Saul Ewing LLP's insurance practice group.
Transamerica President and Chief Executive Officer Mark Mullin stated, “We are delighted to welcome Michael to Transamerica. Never has what we do and provide been more necessary to enabling individuals and families achieve long term financial security. As a company serving customers in all 50 states, we remain committed to an open and interactive dialogue with those whose decisions impact our ability to deliver the trusted solutions Americans seek.”
Added general counsel, Jay Orlandi, “Michael's in depth knowledge of the insurance sector and unrivaled expertise regarding the policy and regulatory issues impacting our sector, both in the domestic and international spheres, will be invaluable given the global reach of our business.”
Mr. Consedine concluded, “This is a dream position for me and I'm incredibly excited to be lending my knowledge and expertise to benefit Transamerica and its policyholders during this dynamic time for the insurance industry.”
Learn more: www.transamerica.com.
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].