Swiss Reinsurance Company is bringing in Alabama Insurance Commissioner Walter Bell to run Swiss Re America Holding Corp.
Bell, a former president of the National Association of Insurance Commissioners, Kansas City, Mo., will take over as chairman of Swiss Re America, New York, Sept. 2.
Bell will report directly to Swiss Re Chief Executive Officer Jacques Aigrain.
Bell is now a member of the NAIC Executive Committee and chairman of the NAIC International Insurance Relations Committee.
He recently was appointed to the board of the Bermuda Monetary Authority, and he is vice chairman of the Executive Committee at the International Association of Insurance Supervisors, Basel, Switzerland.
Under Alabama state law, “No public official or public employee who personally participates in the direct regulation, audit, or investigation of a private business, corporation, partnership, or individual shall within two years of his or her departure from such employment solicit or accept employment with such private business, corporation, partnership, or individual.”
The NAIC Web site says Swiss Re Life & Health America Inc. is licensed in Alabama and in 47 other states.
In an interview, Bell said his last day with the department will be on Aug. 31 and that he will not be in the office after Aug. 22.