New York State
Insurance Department


ISSUED: 12/8/99

FOR IMMEDIATE RELEASE

LEVIN APPOINTS ANNE LAURENT AS CHIEF RISK
MANAGEMENT SPECIALIST           

       Superintendent Neil D. Levin today announced the appointment of Anne Laurent as the Department’s new Chief Risk Management Specialist in the Capital Markets Bureau. In this role, Laurent will help oversee the development of key initiatives that will strengthen the financial solvency oversight of New York’s insurers.

       Working with our new Director of Financial Solvency Strategy, Laurent will provide guidance on the capital markets and risk management activities of New York's insurers. She will help develop risk-based examination policies and procedures, coordinate training for examiners, and develop policy on risk management and capital markets, asset liability management, and insurance securitization. She will also serve as a liaison with the industry, trade organizations, rating agencies and other regulators on capital markets and risk management issues.

       Anne comes to the Department with more than a decade of experience in financial services. Most recently, she served as a consultant at Ernst and Young and KPMG on risk management issues. She has experience in derivatives, hedging strategies, monitoring risk, and in analyzing risk calculations. In 1996, she participated in the investigation of Bankers Trust ordered by the SEC, the CFTC, the Federal Reserve Bank of NY and the New York State Banking Department. Prior to that, she spent seven years at Banque Nationale de Paris as a portfolio manager and derivatives trader.

       This appointment to the Capital Markets Bureau is part of the Department’s continuing efforts to direct regulatory strategies towards more risk-based financial review and real-time oversight of the industry’s financial practices. Recent Department initiatives include:      


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