Thomas B. Considine

Thomas Considine
Born Jersey City, New Jersey
Nationality  United States
Occupation Former state cabinet officer and corporate CEO; current change management and strategic consultant

Tom Considine is an insurance, financial services, and healthcare executive and former state managed care and financial services commissioner. He is chief executive officer of the National Conference of Insurance Legislators (NCOIL)[1] and the founder and managing partner of Gravilaur Solutions, LLC, a strategic consulting firm.

Commissioner

Governor Chris Christie nominated Considine to serve as Commissioner of the Department of Banking and Insurance (DOBI) on January 15, 2010.[2][3]

Considine repealed regulations, spread the pro-growth message of the Christie Administration in the banking and insurance industries, set in motion regulations to reform Personal Injury Protection (PIP), reformed government banking deposit guarantees,[4] and worked with the legislature on bills to expand captive[5] and reinsurance markets.[6][7] He also fought insurance fraud.[8]

In addition to his responsibilities as Commissioner, Considine held leadership positions with the National Association of Insurance Commissioners (NAIC). He was elected to the national Executive Committee of the NAIC, and also became the vice-chairman of the NAIC's northeast zone.[9] He was also instrumental in leadings the NAIC's Reinsurance Task Force's adoption of revisions to NAIC's reinsurance models.[10]

Considine stepped down to return to the private sector as COO of Magnacare on February 10, 2012.[11]

Professional career

Before Gravilaur, Considine served as the chief executive officer of Meadowlands Hospital Medical Center (MHMC).[12] Prior to this post he served as chief operating officer of Magnacare.[13] Previous to this he served as Commissioner of the New Jersey Department of Banking and Insurance.[14] Prior to being named Commissioner, Considine worked at MetLife, Inc., a global financial services company, for nearly 17 years. He also served on a number of professional boards and financial services industry-related organizations.[15]

NCOIL named Commissioner Considine CEO effective January 1, 2016. NCOIL is a legislative organization composed principally of legislators serving on state insurance and financial institutions committees around the nation. NCOIL writes model laws in insurance, works both to preserve the state jurisdiction over insurance as established by the McCarran-Ferguson Act seventy years ago and to serve as an educational forum for public policy makers and interested parties.[16]

As CEO of MHMC, Considine had overall responsibility for the operation of the 230-bed hospital and was accountable for the direction and coordination of all aspects of the facility. He sat on the hospital board of directors and his responsibilities included physician relations and oversight of budgeting, staffing, and contracting.

Commissioner Considine joined MHMC following his tenure at MagnaCare, a regional health plan, where he served as Chief Operating Officer (COO). He had direct responsibility for the company’s operations, medical management, hospital and professional networks, customer service, claims, actuarial and analytics, information technology, and legal and regulatory affairs.

Prior to his service as commissioner, he worked at MetLife, Inc., a global financial services company, beginning in 1993, where he served most recently as vice-president and government relations counsel. In this role, Considine was responsible for a broad range of state government relations and public policy issues for both the financial services and auto and home companies nationally. Considine managed a staff of attorneys and public policy analysts in the company's government and industry relations department. He directed government relations activity for the entire MetLife enterprise on all issues in New Jersey. He also managed these issues before the NAIC and co-managed them nationwide.

He coordinated MetLife's integration effort to secure national approvals for its $11 billion corporate acquisition of the Travelers life and health insurance companies.

In addition to this general government relations work, Considine served on a legal affairs diversity subcommittee, and as the Company's national point person on tort reform issues. He has taken a number of leadership positions throughout his career in national and state coalitions dedicated to achieving civil justice reform, including service on the Steering Committee of the Civil Justice Reform Group with the General Counsel of a number of the Fortune 200 companies. He also served as immediate past Chairman of the Board of Directors of the American Tort Reform Association.

Considine served on the board of directors of the National Organization of Life and Health Insurance Guaranty Associations, the national coordinating group for the state guaranty system. He also served on the board of directors of the Life and Health Insurance Guaranty Association in New Jersey, where he was treasurer; and also in Pennsylvania. He also served as a founding appointee to the New Jersey Department of Banking & Insurance Financial Services Advisory Board.

He was involved in insurance associations throughout the states, serving as a member of the board of directors of the Insurance Federation of Pennsylvania, an organization that deals with all aspects of life, health, property and casualty insurance, as well as retirement issues, and on the Texas Association of Life and Health Insurers' board of directors and that organization's Legislative Policy Committee.

Before joining MetLife, Considine served as a litigation associate at Connell, Foley and Geiser, a major New Jersey law firm. Following law school, Considine served as Judicial Law Clerk to the Honorable Clarkson Fisher, Senior United States District Court Judge in New Jersey.[15]

Education

Considine received his J.D. cum laude from the Seton Hall University School of Law and his B.S. magna cum laude from the W. Paul Stillman School of Business Administration at Seton Hall University. Additionally, he recently served on the Seton Hall University Alumni Board of Directors.[15]

References

  1. ↑ "Former DOBI Commissioner Considine to lead insurance policy group | NJBIZ". NJBIZ. Retrieved 2016-06-01.
  2. ↑ ,"3 names to head N.J. human services, Guard, banking", www.northjersey.com, (Morristown). 2010-1-15. Retrieved 2010-12-22.
  3. ↑ ,"Considine sworn in as DOBI commissioner". Retrieved 2010-12-21
  4. ↑ Government Unit Deposit Protection Adoption". Retrieved 2010-12-22.
  5. ↑ A-2360 from the New Jersey Legislature website, www.njleg.org. Retrieved 2010-12-22.
  6. ↑ A-2670 from the New Jersey legislature website, www.njleg.org. Retrieved 2010-12-22
  7. ↑ "Insurance Commissioner Applauds Captive Insurance Bill; Unveils Reinsurance Initiative". Retrieved 2010-12-22
  8. ↑ Daks, Martin (2010-10-20) "State steps up fight against insurance fraud" NJ BIZ. Retrieved 2010-12-22.
  9. ↑ "Considine named to leadership post at National Association of Insurance Commissioners", Retrieved 2010-12-22.
  10. ↑ "NAIC Adopts Revisions to Reinsurance Models", Retrieved 2012-3-6.
  11. ↑ "Head of N.J. Department of Banking and Insurance to step down", Retrieved 2012-3-6.
  12. ↑ http://www.njbiz.com/article/20140403/NJBIZ01/140409939/Meadowlands-Hospital-Medical-Center-names-new-CEO; http://www.nj.com/politics/index.ssf/2014/04/former_christie_cabinet_member_to_lead_meadowlands_hospitals.html; http://blogs.app.com/capitolquickies/2014/04/03/monmouth-resident-thomas-considine-named-meadowlands-hospital-new-ceo/
  13. ↑ "Considine's leap from NJ regulator to MagnaCare". Retrieved 2012-3-6.
  14. ↑ "Administration". Retrieved 2010-12-22.
  15. 1 2 3 "Meet the Commissioner". Retrieved 2010-12-22.
  16. ↑ "History & Purpose | NCOIL". ncoil.org. Retrieved 2016-06-01.
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