FOR IMMEDIATE RELEASE

Michael Consedine to Serve as NAIC CEO

MIAMI BEACH, Fla. (Dec. 10, 2016) — Former Pennsylvania Insurance Commissioner Michael F. Consedine has been named Chief Executive Officer (CEO) of the National Association of Insurance Commissioners (NAIC), effective in early 2017.

Consedine will lead the NAIC's Washington, D.C. office with primary responsibility over state and federal government affairs and international activities. He will work closely with NAIC members, representing their interests as an advocate and spokesperson for the association. His responsibilities will include outreach to federal and international policymakers, state government associations, as well as consumer and industry representatives.

"Mike brings valuable experience and energy to this role during a time of transition with a new administration and Congress," said John M. Huff, NAIC President and Missouri Insurance Director. "He is highly respected by members of the NAIC and served this body with distinction when he was Pennsylvania's Insurance Commissioner."

Consedine was elected by his peers to serve as an officer of the NAIC from 2013 to 2015, including President-Elect, Vice President and Secretary-Treasurer. He served on a number of committees focused on international and domestic matters, including Chair of the International Insurance Relations (G) Committee, the Reinsurance (E) Task Force and the Health Care Reform Alternatives Working Group.

"I have always been proud of the NAIC as an organization and I am extremely honored to serve as CEO during such an important time for state-based insurance regulation." said Consedine. "My experience as an attorney, insurance commissioner and executive will provide a solid foundation as we advance the work of the NAIC to safeguard insurance regulation and protect consumers."

Consedine currently serves as Senior Vice President and Global Head of Government and Policy affairs for Aegon, where he is charged with leading policy and regulatory engagement for one of the world's largest financial services companies. Aegon operates in 20 countries and serves more than 30 million customers. Consedine also serves as head of Government Affairs for Aegon's U.S. subsidiary, Transamerica.

Prior to his current role, Consedine was the NAIC's representative to the EU–U.S. Insurance Dialogue Steering Committee and was active in the International Association of Insurance Supervisors (IAIS), where he served on their Executive Committee.

Andy Beal, current acting NAIC CEO, will continue in his role as Chief Operating Officer and Chief Legal Officer, overseeing the Kansas City and New York offices and managing the day-to-day operations of the organization.

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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