Solvency – Keeping the lights on at an Insurance Company
Insurance is a heavily regulated industry, with both federal and state regulation. The speakers in this podcast will explain their roles and give practical tips on working with regulators.
Featuring: Mike Consedine, CEO, NAIC
Al Redmer, former Maryland Insurance Commissioner
Hosted by: Logan Marro, Vice President, Westmont Associates, Inc.
Michael F. Consedine serves as the NAIC’s Chief Executive Officer. As CEO, he principally focuses on strategic planning, policy development and implementation in the areas of state, federal and international affairs and relations.
Consedine currently serves as an Executive Committee Member on the IAIS and on the advisory board for Plug and Play Tech Center and is very involved in both insuretech and fintech issues.
Consedine has spent his entire career in the insurance industry as an attorney, regulator, and executive. Most notably, he served as the Insurance Commissioner for the Commonwealth of Pennsylvania from 2011 to 2015. Before joining the NAIC in January 2017, Consedine served as the Global Head of Government and Policy Affairs at Aegon, one of the world’s largest financial services companies. Concurrently, Consedine was Senior Vice President, Deputy General Counsel, and Executive Director of Government Affairs of Aegon’s U.S. subsidiary, Transamerica.
Al Redmer, Jr. is the Executive Director of Maryland Auto Insurance Fund. In this role, he leads Maryland Auto’s 200+ employees in fulfilling the organization’s mission of making auto insurance accessible for all Maryland drivers. Previously, Redmer served as Maryland Insurance Commissioner- appointed by Governor Lawrence J. Hogan, Jr. in 2015 and again in 2019; and previously appointed by Governor Robert Ehrlich in 2003. His combined service under both Governors makes Redmer the longest tenured Insurance Commissioner in the State’s history. As Insurance Commissioner, Redmer represented the state’s interests as an active member of the National Association of Insurance Commissioners (NAIC). Redmer, a native Marylander and respected businessman, formerly served as a member of the Maryland General Assembly in addition to managing Redmer Insurance Group, LLC and Redmer Financial Group.