Aegon appoints Global Head of Government and Policy Affairs
Aegon NV appoints Michael F. Consedine as Global Head of Government and Policy Affairs, overseeing all aspects of the company’s government relations in Europe, the Americas and Asia.
Mr. Consedine brings together the U.S. and European Government Affairs teams under one organization to further increase transparency and optimize Aegon's engagement with policymakers around the globe.
20-years industry experience
Mr. Consedine joined Transamerica early in 2015, and has spent his 20+year career in the insurance industry, as a regulator, policy advisor and counsel. Most notably, he served as the Insurance Commissioner for the Commonwealth of Pennsylvania from 2011 to 2015.
In addition, Mr. Consedine served as President-Elect and in other officer positions within the National Association of Insurance Commissioners (NAIC), during which time he chaired a number of NAIC committees focused on matters of international and domestic relevance for the U.S. insurance sector.
In 2011, he was named by the U.S. Treasury Department as a member of the Federal Advisory Committee on Insurance, charged with advising the Federal Insurance Office on domestic and international insurance policy.
Bi-lateral discussions with the EU
Mr. Consedine also served as a U.S. representative on bi-lateral discussions with the European Union on mutual recognition of each jurisdiction's insurance systems and was an Executive Committee member of the International Association of Insurance Supervisors.
Prior to his time as Commissioner, Mr. Consedine was a Partner and Vice-Chair of Saul Ewing LLP's Insurance Practice Group.
Alex Wynaendts, CEO of Aegon NV stated: "We are delighted that Michael has assumed this new global role. As a worldwide company we serve 30 million customers in over 20 countries, and although the environments in which we operate are very different, our approach to ensuring transparency is the same.
"We are committed to an open and interactive dialogue with those whose decisions impact our ability to deliver the trusted solutions our customers desire and require for their long-term financial security."
In December 2016, it was announced that Michael Consedine would leave Aegon to serve as chief executive officer of the National Association of Insurance Commissioners (NAIC).