Tom Leonardi, Evercore Partners

Late last year, Tom Leonardi left his post as the Connecticut Insurance Commissioner to join Evercore Partners, the investment banking firm. WRIN.tv spoke with Tom about the capital standards, the influx of capital in the industry, the new Congress, the Affordable Care Act, M&A and more.

Mr. Leonardi reviews efforts to establish capital standards at the U.S. and international level, and wonders “What are we trying to solve with (insurance) capital standard right now?”

He also expresses concern about underwriting discipline given the “disruptive” capital entering the (re)insurance markets.

With the reauthorization of TRIA, Mr. Leonardi is hopeful with regard to more cooperation in the new Congress, though he does see two major challenges to the Affordable Care Act in the coming year.

When asked about his departure from his post as Connecticut Insurance Commissioner, Mr. Leonardi says the opportunities for insurance mergers and acquisitions are high, and sees Evercore as a good fit for him, with solid reputation and its “culture of excellence… “

You can watch the full interview here or click on the following links for the different parts of the interview.

For more information on the Joint Industry Forum, visit the WRIN.tv On Demand Library.

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