NAIC Names Bay State Insurance Commissioner as CEO

The National Association of Insurance Commissioners over the weekend announced Massachusetts Insurance Commissioner Gary D. Anderson as the organization’s chief executive officer.

Anderson will start leading the NAIC by May 1, after completing his service as the Massachusetts Insurance Commissioner.

“Selecting the next NAIC CEO has been arduous but rewarding,” said NAIC President and Connecticut Insurance Commissioner Andrew Mais. “We were looking for the best fit, and we found it in Gary Anderson. Gary’s dedication to our state-based system of insurance regulation and his insurance expertise are top notch. We look forward to his leadership as we navigate the complexities of regulating the insurance sector and deliver on our mission to protect consumers.”

Andy Beal, NAIC chief operating officer and chief legal officer, has served as the organization’s acting CEO since March 2023 when Michael F. Consedine announced his resignation from the post. Beal also served as acting CEO before Michael F. Consedine took over in 2017.

Anderson was appointed as insurance commissioner in 2017 by Gov. Charlie Baker, but his insurance experience began in 1999 with a regional carrier in the Northwestern U.S. He served as a policy adviser and senior counsel in the state Senate President’s office, where he was involved in several policy areas. Anderson joined the Massachusetts Division of Insurance as first deputy commissioner in February 2014. His responsibilities included strategic planning and policy development for all aspects of the agency.

Anderson is currently the NAIC’s secretary of the Northeast Zone and serves on the Financial Regulation Standards and Accreditation (F) Committee, Financial Condition (E) Committee, and the Audit Committee. Additionally, he has chaired the NAIC International Insurance Relations (G) Committee since 2019. He also serves on the International Association of Insurance Supervisors (IAIS) Executive Committee as its vice chair and on the IAIS Policy Development Committee (PDC), which he chaired from 2020 to 2022.

“Throughout my career in public service, I have been rewarded with valuable experiences, new and lasting connections, and opportunities to contribute to a greater good,” said Anderson. “I am excited to embark on the next adventure as CEO of the NAIC, supporting the state-based system of insurance regulation.”