Posted on 11 Jul 2011
A respected Capitol Hill advisor has joined the National Association of Insurance Commissioners (NAIC) as Manager of International Relations. Eric Thompson will be responsible for coordinating state regulators' efforts on key international financial regulatory issues.
"Eric’s extensive policy experience and insurance background are a great resource for regulators," said Therese M. (Terri) Vaughan, Ph.D., NAIC Chief Executive Officer. “His role in coordinating the strategy and input of U.S. insurance regulators in the development of international regulatory principles will be especially important in the months ahead.”
The NAIC International Relations staff provides support to U.S. insurance regulators on the development and implementation of international regulatory principles, and facilitates regulatory dialogues and information sharing between supervisory bodies.
“Eric will lead our team as it assists regulators’ participation at the International Association of Insurance Supervisors and will help coordinate our input to developments at the Financial Stability Board, the Organization for Economic Cooperation and Development, and the Joint Forum,” said Kevin M. McCarty, NAIC President-Elect, Chair of the NAIC International Insurance Relations Committee and Florida Insurance Commissioner.
Thompson replaces George Brady, who was recently appointed Deputy Secretary General at the International Association of Insurance Supervisors (IAIS).
Thompson was most recently Professional Staff Advisor to the U.S. House of Representatives Financial Services Committee, where he was on the front lines during negotiations and passage of Dodd-Frank financial service reform. He began his public sector career working for former U.S. Representative Nancy Johnson (R-CT) where he served as chief of staff for seven years. His private sector experience includes serving as Vice President of Federal Affairs for both the Hartford and APCO Worldwide. Thompson obtained his undergraduate degree from the University of Notre Dame.