The Executive Committee of the National Association of Insurance Commissioners (NAIC) has appointed Beth Dwyer, superintendent of Banking and Insurance for Rhode Island, to serve as NAIC’s representative on the Financial Stability Oversight Council (FSOC).
Dwyer will succeed recently retired Maine Bureau of Insurance Superintendent Eric Cioppa and will provide the council with the perspective of state insurance regulators.
FSOC was created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The council comprises 10 voting members and five non-voting members and monitors the safety and stability of the nation’s financial system, identifies risks to the system, and coordinates responses.
Since taking office in January 2016, Dwyer has served in several leadership capacities with the NAIC and is currently the vice chair of the Financial Condition Committee, co-vice chair of the Climate and Resiliency Task Force, and secretary/treasurer of the National Insurance Producer Registry board of directors.
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