Tom Leonardi

  • 2011-2014 – Connecticut Insurance Commissioner
    • 2013 1211 – Letter – Tom Leonardi to NAIC etc, re: Corporate Governance – 3p
      • “We have met the enemy and he is us!”
        • This famous line from the comic strip Pogo aptly describes the current state of governance at the National Association of Insurance Commissioners.
    • 2013 1216 – ThinkAdvisor – Charges of NAIC corporate governance problems erupt, By Elizabeth D. Festa – [link]
    • 2014 0204 – GOV (House) – The Federal Insurance Office’s Report on Modernizing Insurance Regulation –  [PDF-277p,  VIDEO-YouTube] 
    • 2014 0401 – LeadersEdge – Rebel with a Cause: When Tom Leonardi aired the NAIC’s dirty laundry, he drew attention to a rift among regulators, by Russ Banham – [link]
    • LC – MetLife v FSOC
  • 2017-2020 – AIG – Executive Vice President of Government Affairs, Public Policy, and Communications 
  • Tom Leonardi (CT – Insurance Commissioner):  So I think what we need to do is step back and say again, what is the problem we are trying to solve with this very complex structure?  (p26)

2014 0204 – GOV (House) – The Federal Insurance Office’s Report on Modernizing Insurance Regulation – [PDF-277p, VIDEO-YouTube] 

  • I would also note that Commissioner Leonardi is thoughtful and outspoken.
    • He is known for his ”Jerry McGuire” moment with respect to a letter he wrote on the NAIC, a very interesting memo.
    • He is forceful, thoughtful, and clear in his thinking.
    • Whether you agree or disagree with him, you always know where he stands.
    • And Commissioner, I very much look forward to hearing your testimony today.  (p4)

—  James A. Himes (D-CT)

2014 0204 – GOV (House) – The Federal Insurance Office’s Report on Modernizing Insurance Regulation – [PDF-277p,  VIDEO-YouTube] 

  • 2014 0204 – GOV (House) – The Federal Insurance Office’s Report on Modernizing Insurance Regulation –  [PDF-277p, VIDEO-YouTube] 
    • (p12) – Tom Leonardi, NAIC, Connecticut Insurance Commissioner):  It is based on an assumption of a banking model where there could be a run on the bank and Prudential might have to sell a trillion dollars of assets the next day.
    • And that is just-with one very rare exception-not a likely scenario on which to base a systemic designation.
      •  [Bonk:  What is the Exception is he referring to?]