Fischer named NY watchdog of insurers with $4 trillion of assets
April 25, 2016 by Katherine Chiglinsky
(Bloomberg) —New York’s financial regulator promoted Scott Fischer to be the state’s top insurance watchdog, a position that involves overseeing about 1,700 companies with more than $4 trillion of assets.
Fischer, 44, a former corporate attorney, was named executive deputy superintendent for insurance, reporting to Maria Vullo, the acting superintendent of the New York State Department of Financial Services, the regulator said Thursday in a statement. Laura Evangelista was named deputy superintendent for insurance and will report to Fischer.
The New York role is one of the most important regulatory posts in the industry, given the size of the market and the department’s reputation for strict oversight and capital standards. Click HERE to read more…
