Connecticut Insurance Commissioner Thomas Leonardi is set to join Evercore, a New York-based global investment banking advisory firm, as a senior advisor focusing on insurance.
“Thanks to the diligence of Leonardi’s work in my administration, Connecticut has reclaimed its reputation as the insurance capital of the world, and our international influence has never been higher,” commented Governor of Connecticut, Dannel Malloy.
“I have no doubt that [Leonardi’s] global reputation as a recognised expert on a variety of regulatory issues, along with the outstanding relationships he has built with consumer and industry trade associations, played a crucial role.”
“I thank [Leonardi] for all he has done as a member of this administration and wish him all the best in his next endeavour.”
Leonardi was appointed by Malloy in February 2011 to head the Connecticut Insurance Department.
For 22 years prior to the appointment, he was CEO of Northington Partners, a Connecticut-based investment banking, venture capital, and private equity boutique that specialised in the insurance industry.
“I want to thank [Malloy] for entrusting me with the responsibility to head the Connecticut Insurance Department over these past four years,” said Leonardi.
“We could not have achieved so much on such a global scale without the governor’s extraordinary vision and unprecedented support for me and my department.”
Leonardi will leave the agency on December 11, 2014, with the Malloy due to announce subsequent personnel in the coming weeks.
