Statement from NAIC President and North Dakota Insurance Commissioner Adam Hamm in response to the appointment of Tom Sullivan as an adviser to the Board of Governors of the Federal Reserve System

6/2/14 The following is a statement from NAIC President and North Dakota Insurance Commissioner Adam Hamm on the appointment of Tom Sullivan as an adviser to the Board of Governors of the Federal Reserve System.

On behalf of the NAIC, we congratulate Tom Sullivan, our former colleague, on his new position as the senior adviser for insurance to the Board of Governors for the Federal Reserve. Tom’s strong regulatory experience, comprehension of the insurance sector, and thorough understanding of America’s national system of state-based insurance regulation will be a tremendous asset to the Board on both domestic and international issues.  We look forward to working with Tom in his new position as we continue to enhance our working relationship with the Federal Reserve.