Steve Dreyer is leaving his position as the relatively new director of the Treasury Department’s Federal Insurance Office. His last day is Friday.
“Although we have been able to accomplish quite a bit during my time here, upon reflection, I have recognized that working in government turned out to be quite different from my time in the private sector, and I believe that my experiences can be best applied in other pursuits,” Dreyer said in an email to associates late Wednesday afternoon.
Dreyer, who became FIO director in June after a long and intensive vetting process, had recently returned from an International Association of Insurance Supervisors (IAIS) meeting in Luxembourg. As FIO director, Dreyer represents the U.S. at the IAIS.
The FIO director, a position created by the Dodd-Frank Act, advises the Treasury secretary, can negotiate international covered agreements and promotes access to insurance products with the exception of health insurance and is a nonvoting member of the Financial Stability Oversight Council. Dreyer participated in discussions on financial stability risk.
Dryer had begun leading meetings of the Federal Advisory Committee on Insurance and coordinating a Treasury-led, multi-agency long-term care task force.