Connecticut Insurance Commissioner Katharine Wade steps down

Katharine Wade

Connecticut Insurance Commissioner Katharine Wade will leave office on Wednesday, according to a statement released by Gov. Dannel Malloy’s office Friday.

Ms. Wade, a former Cigna Corp. executive, took office in 2015. Paul Lombardo, currently the director of the insurance department’s life and health division, will become acting commissioner upon Ms. Wade’s departure.

“During her tenure, Katie championed Connecticut as a center of excellence for innovation and insurtech highlighting the state’s deep pool of insurance industry and tech talent,” said Gov. Malloy in a statement.

Gov. Malloy did not seek re-election and will be succeeded by fellow Democrat Ned Lamont early next year.