NCOIL CEO steps down from role

NCOIL CEO steps down from role | Insurance Business America

Insurance News

NCOIL CEO steps down from role

Leaders look back at executive’s contributions over the years

Insurance News

By
Roxanne Libatique

Tom Considine, CEO of the National Council of Insurance Legislators (NCOIL), has announced his retirement, effective December 31, 2024.

The announcement was made at the Welcome Breakfast of NCOIL’s Summer National Meeting in Costa Mesa, California.

Considine (pictured) has been NCOIL’s first CEO since January 2016, moving the organization from an executive director model.

“I think I can speak for everyone at NCOIL when I say Tom has made immeasurable contributions in terms of advancing the organization both substantively on the issues and expanding our legislative membership,” said Rep Tom Oliverson, MD (TX), NCOIL president. “The growth we have seen over the past decade has been tremendous and I know we are well positioned for that continue.”

Commenting on his retirement, Considine said: “When I came to NCOIL as CEO in 2016, my goals were to stabilize & secure NCOIL financially; to grow the organization in overall attendance and legislator participation through higher quality meetings; and to re-establish first the relevance then the importance of NCOIL in insurance public policy. I’m proud of the work we’ve done together with the great legislative leadership we’ve had here to meet and exceed all of these goals.

“It’s time for NCOIL to do another strategic assessment for the next five [to] seven years, and so I decided it’s time for me to pass the torch, to retire as NCOIL’s CEO, fully confident in the organization’s strength for whatever lies ahead. I cannot thank everyone enough who has contributed to the organization’s success over the years. I will be forever grateful to the officers for the opportunity to meet the challenge NCOIL presented.”

Looking back at Tom Considine’s contributions to NCOIL

Since Considine took the helm, attendance at NCOIL’s national meetings has increased from an average of 226 participants in 2015 to over 350. Legislative participation also grew by 42%.

“Tom’s strategic vision and engaging personality was just what NCOIL needed from a leader when he came on as the first ever CEO in 2016. The organization is now not just in a position of stability but truly a position of strength with a strong and growing membership. We all owe him a great debt of gratitude for his service,” said Rep Matt Lehman (IN), past NCOIL president.

During Considine’s tenure, NCOIL achieved financial stability, transitioning from financial uncertainty in 2015 to a strong balance sheet, ensuring its ability to continue as an educational forum on insurance public policy.

“Tom’s exceptional leadership and extensive experience coupled with his outgoing personality has significantly contributed to NCOIL’s success and growth over the past decade,” said Rep Deborah Ferguson, DDS, (AR) NCOIL immediate past president. “On a personal note, I am immensely grateful for his help in navigating my presidency from our first meeting in New Jersey to my last meeting as president in Ohio. His guidance and camaraderie have been invaluable, and I have truly enjoyed our friendship and the times we’ve shared.”

Idaho insurance director and past NAIC president Dean Cameron added that Considine’s leadership revitalized NCOIL to its influential position.

“Tom’s energy and passion tackled complicated and critical insurance challenges and drove towards responsible solutions. His experience recognized the critical role of state-based regulation, and he advanced legislators and regulators collaborating to protect consumers. I am honored to have worked with Tom, and I am grateful for his leadership and friendship,” he said.

Considine announced that NCOIL general counsel Will Melofchik will succeed him as CEO.