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Tennessee Insurance Commissioner Julie Mix McPeak has been elected to serve as vice chair of the Basel, Switzerland-based International Association of Insurance Supervisors, the National Association of Insurance Commissioners announced Thursday.
Ms. McPeak, who has served on the IAIS Executive Committee for more than two years, is also vice president of the NAIC.
In addition, NAIC President-elect Ted Nickel, who is also Wisconsin insurance commissioner, and Texas Insurance Commissioner David Mattax were chosen to serve on the committee. Another U.S. insurance regulator — Connecticut Insurance Commissioner Katharine L. Wade — was appointed to the IAIS Financial Stability and Technical Committee.
“Our international work is critical to consumer protection here in the states; it is also important for ensuring a level playing field for our domestic companies,” said NAIC President and Missouri Insurance Director John M. Huff in a statement,
The IAIS is the international standard-setting body for insurance supervision.
The National Association of Insurance Commissioners said on Monday that its members have elected Madison, Wisconsin-based Ted Nickel to fill the vacant president-elect position.