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FOR IMMEDIATE RELEASE

MO INSURANCE REGULATOR REAPPOINTED TO FINANCIAL STABILITY OVERSIGHT COUNCIL

WASHINGTON, D.C. (Sept. 21, 2012) — The National Association of Insurance Commissioners (NAIC) has reappointed John M. Huff, Missouri Insurance Director, to a second two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). In this role, Huff will continue to represent the interests of the nation’s state insurance regulators on the council. FSOC is a fifteen member body comprised of the nation’s chief financial regulators.

FSOC was created by the Dodd-Frank Wall Street Protection and Consumer Protection Act in 2010 to monitor the safety and stability of the nation’s financial system, identify risks to the system, and coordinate a response to any threats. The council has the authority to identify financial firms, financial market utilities and systemic payment, clearing, or settlement activities whose failure could potentially pose a risk to the financial system.

About John M. Huff

As Director of the Missouri Department of Insurance, Financial Institutions and Professional Registration, Huff leads a team of 550 employees that work to protect consumers through the regulation of professionals and businesses in the state. The department regulates more than half a million insurance companies, banks, doctors, nurses and others.

Before entering public service, Huff spent more than a decade as an executive with leading insurers and reinsurers, including Swiss Re and GE Insurance Solutions. At these companies, Huff led global teams and was stationed in London and Zurich.

Huff earned his bachelor's degree in business administration from Southeast Missouri State University, an MBA from Saint Louis University, and graduated from the Washington University School of Law in St. Louis.

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About the NAIC

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit www.naic.org.

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