Susan Donegan has been reappointed as the commissioner of the Vermont Department of Financial Regulation (DFR) for a period of two years.
Donegan worked at the DFR from 1985 to 1990 and was the department’s first director of securities regulation. She was later counsel to the commissioner and hearing officer at the Massachusetts Division of Insurance from 2008 to 2011.
In 2011, she returned to Vermont as deputy commissioner of the Insurance Division at the DFR. She was appointed commissioner in January 2013.
Donegan also represents the National Association of Insurance Commissioners (NAIC) at the International Association of Insurance Supervisors (IAIS) as vice-chair of the governance working group. She is also secretary/treasurer of the NAIC Northeast Zone.
“I remain steadfast in my commitment to maintain Vermont’s exceptional stature in the captive community and to help Vermont welcome new companies that have proven they deserve to be included in the list of ‘gold standard’ captives here,” said Donegan.
“I plan to continue my committee work with the NAIC, particularly relating to principal-based reserves and other issues that impact the captive world. And I am always happy to help our sister states learn best practices from us since we have proven experience in regulatory issues.”
