PCI Continues to Strengthen Advocacy Team; Hires Former Treasury, FSOC Official

WASHINGTON, June 29 -- The Property Casualty Insurers Association of America issued the following news release:

The Property Casualty Insurers Association of America (PCI) today announced that Chris Ledoux is joining the association as vice president, federal policy.

"We are pleased to welcome Chris Ledoux to PCI as vice president, federal policy," said Robert Gordon, PCI's senior vice president, policy, research and international. "Chris brings a deep wealth of experience and expertise to PCI. PCI has worked with Chris over the years on natural catastrophe, flood, terrorism, cyber security, and other insurance issues, as well as on various insurance regulatory reform proposals. He has substantial experience and an unparalleled perspective from the federal policy-making and regulatory arena. Chris will be a valuable addition to our team as we continue to work to promote a private and competitive marketplace."

Ledoux comes to PCI after serving at the U.S. Department of Treasury as well as other federal agencies, as both an insurance industry and a regulatory advisor. Most recently, Ledoux served as the Federal Deposit Insurance Corporation's (FDIC) first insurance specialist and key corporate legal resource on insurance issues. His portfolio encompassed the FDIC's review of "living wills," the Dodd-Frank Act's Orderly Liquidation Authority and advising the Chairman of the FDIC, who is a voting member of the Financial Stability Oversight Council (FSOC), on insurance matters before the Council. Prior to the FDIC, Ledoux served for nearly five years as senior advisor to the FSOC independent voting member with insurance expertise. He served as the voting insurance members' principal Deputy and also served on FSOC's Deputies Committee, Nonbank Designations Committee, Systemic Risk Committee, and others.Ledoux was also an official at the Treasury Department, where he monitored and advised on insurance and reinsurance issues of federal interest. During the 2008 financial crisis and its aftermath, he worked on the rescue of AIG; the creation of the Troubled Asset Relief Program (TARP), the temporary money market fund guaranteed program; the insurance-related provisions of the Dodd-Frank Act; and was later responsible for helping establish the Federal Insurance Office. His experience also includes a temporary assignment to the Senate Banking Committee to work on bipartisan reauthorization and reform of the National Flood Insurance Program in 2012.

The hiring of Chris Ledoux augments PCI's other recent hires: Margaret Labno, PCI's vice president, tax and accounting policy; Mona Dooley and Kyle Glenn as assistant vice presidents, federal government relations; and Daniel Yi as the federal government relations executive assistant and program manager.