Michael Moriarty (government official)

For other people named Michael Moriarty, see Michael Moriarty (disambiguation).

Michael Moriarty is the Deputy Superintendent for Property and Capital Markets in the New York State Insurance Department.[1]

New York State Insurance Department

He oversees the licensing, examination, and regulation of all property-casualty insurers, and the capital markets and risk management activities of insurance companies. He also oversees the regulation of captive insurance companies.[2] Moriarty reports to James J. Wrynn, the Superintendent of Insurance for New York State.

Earlier, he was the Director of the Department’s Capital Markets Bureau, which oversees the capital markets and risk management activities of New York-licensed insurers.

Catastrophe bonds

Moriarty has been at the forefront of state regulatory efforts to have U.S. regulators encourage the development of insurance securitizations through catastrophe bonds in the United States instead of off-shore, through encouraging two different methods — protected cells and special purpose reinsurance vehicles.[3]

Education

Moriarty began his career in the Department in 1979, after receiving a BS in accounting from the City University of New York. He also holds an Associate in Reinsurance and an Associate in Insurance Accounting & Finance from the Insurance Institute of America.[4]

Award

In 2005, the National Association of Insurance Commissioners (NAIC) awarded Moriarty their most prestigious honor, the Dineen Award, for leading the successful reorganization of the NAIC's Securities Valuation Office.[5][6][7]

Family

Moriarty lives in Middle Village, Queens, New York, with his wife Natalie and their son Danny.[8]

References

• New York State Insurance Department
• "Levin Appoints Michael Moriarty as Director of Financial Solvency Strategy," NY State Insurance Department press release, 10/4/99
• "Transcript of Contributions as Panelist at Valuation Actuary Symposium, Washington, DC, on New York Regulation 163: Insurer’s Derivative Activities," 9/14/00
• "Catastrophe Bonds: Spreading Risk," Testimony before the U.S. House of Representatives Subcommittee on Oversight and Investigations, Committee on Financial Services," 10/8/02
• "Catastrophe Bonds: Spreading Risk,Written Testimony before the U.S. House of Representatives Subcommittee on Oversight and Investigations, Committee on Financial Services," 10/8/02
• "New York Regulator Earns NAIC's Highest Individual Award, NAIC Release, 12/4/05
• "Michael Moriarty Promoted to Deputy Superintendent; Will Run Property, Capital Markets," NYSID Press Release, 5/8/07
• Insurance Journal, 6/4/07
• Business Insurance, 6/17/07

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