Reinsurance News

My Chi To named as head of New York State Insurance Division

25th November 2019 - Author: Matt Sheehan

New York State financial regulator, the Department of Financial Services (DFS), has announced the appointment of My Chi To as Executive Deputy Superintendent of the Insurance Division.

To is a partner in Debevoise & Plimpton’s restructuring group and global insurance practice.

In this capacity, she represents clients across the insurance industry, including insurers, reinsurers, pension funds, private equity firms and other capital providers, in a range of transactions and restructuring matters.

This includes state insurance rehabilitations and liquidations, insurance holding company bankruptcies, reinsurance transactions, reserve and other financings, pension risk transfers, and other complex transactions and restructurings involving insurance businesses.

“My Chi is a highly-respected attorney with extensive transaction experience in the insurance industry,” said Linda Lacewell, Superintendent of Financial Services.

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“I am confident that My Chi will successfully lead the insurance division forward in this increasingly complex and changing global marketplace,” she continued.

“Her superb intellect, deep expertise, and integrity are the perfect combination to maintain DFS at the forefront of insurance regulation. We have been recruiting the best and the brightest and I am delighted that they are continuing to accept and choose public service.”

To also commented: “I am honored to join DFS and build on the Department’s commitment to protecting consumers while encouraging the growth of the insurance industry.”

“I look forward to collaborating with the DFS team to help foster a resilient insurance marketplace for all New Yorkers.”

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