The trade association of property and casualty reinsurers, the Reinsurance Association of America (RAA), has announced that Lee Covington, current President and CEO of The Surety & Fidelity Association of America (SFAA), has been named President-elect of the RAA as long-serving Frank Nutter retires.
Nutter will retire on December 31st, 2023, after 32 years as President of the RAA.
Covington, who has led the SFAA since 2018, will assume the role of President on January 1st, 2024.
Justin O’Keefe, Chair of the RAA’s Board of Directors, commented on Nutter’s departure: “Over the last four decades, Frank has grown the RAA into the leading voice for the reinsurance industry in the United States.
“Guided by Frank’s leadership, integrity, and vision, the RAA team has addressed some of our industry’s most complex issues at both a federal and state level. On behalf of the RAA membership, Board of Directors and staff, I would like to thank Frank for his unwavering commitment to the RAA and wish him and his family a happy retirement.”
Prior to the SFAA, Covington served as Senior Vice President, Government Affairs and General Counsel of the Insured Retirement Institute.
During his career, he has held senior positions at Squire Patton Boggs, and PWC. He has also served as the Director of the Ohio Department of Insurance, and Deputy Director of the Arkansas Insurance Department.
“I am delighted to welcome Lee to the RAA. He is an immensely qualified leader and his deep expertise and extensive career in insurance industry advocacy and regulation will be invaluable to the RAA.
“The Board and I look forward to working with Lee as he continues to advance the RAA’s strategic priorities and advocate on behalf of our members,” said O’Keefe.
