Jim Wrynn is a Senior Managing Director at FTI Consulting and is based in New York. Mr. Wrynn is a leader of the Global Insurance Services practice in the Forensic & Litigation Consulting segment and helps insurers, reinsurers, captives, brokers, investors, regulators, corporations and their legal and business advisors address complex strategic and tactical issues of local, regional, national and international importance.
Prior to joining FTI Consulting, Mr. Wrynn served as Managing Director and Vice-Chair in the U.S. of Guy Carpenter’s Global Strategic Advisory Group where he assisted their clients in developing strategies dealing with regulatory issues; capital management/optimization; identification of strategic partners and acquisitions; new product development; geographic expansion strategies; distribution solutions; Risk Financing and Captive Insurance formation, operation and other considerations; Enterprise Risk Management (ERM)/Own Risk and Solvency Assessments (ORSA); and a wide variety of other issues across the U.S. and globally.
Immediately prior to joining Guy Carpenter, Mr. Wrynn was a Senior Partner at the law offices of Goldberg Segalla, LLP in New York, and lead the firm’s Global Insurance Regulatory Practice - which consisted of an international team with extensive experience serving U.S., Europe, Bermuda, and other key regulatory markets. He was also a Registered Foreign Lawyer in the firm’s UK office.
Before joining Goldberg Segalla, Mr. Wrynn served as the 40th and last Superintendent of Insurance in the State of New York. He was very involved in the drafting of the new Financial Services law in New York and the merger of the Insurance Department with the NYS Department of Banking to form the new Department of Financial Services - at which time he served as the first Deputy Superintendent of the new department.
In his role as NYS Insurance Superintendent, Mr. Wrynn played a key role in developing state, national and international regulations and policies governing the insurance industry. He served as Chair of the Northeast Zone and as a member of the Executive Committee of the National Association of Insurance commissioners (NAIC), which is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. He also served as Vice-Chair of its International Insurance Relations “G” Committee, as Co- Chair of the Rating Agency Working Group, as Vice-Chair of Reinsurance (E) Task Force, and as Vice-Chair of the Solvency Modernization Initiative (EX) Task Force – which was a critical self-examination undertaken by the NAIC to update the insurance solvency regulation framework in the U.S. that included a review of international developments in insurance supervision, banking supervision, and international accounting standards to determine their potential use in U.S. insurance regulation.
Mr. Wrynn also represented the United States as a member of the International Association of Insurance Supervisors (IAIS), an organization of insurance supervisory authorities from more than 200 jurisdictions in nearly 140 countries that develop international insurance principles and standards for insurance regulators. In his capacity as Vice-Chair of the International Committee, he had a leadership role in discussions on numerous international issues such as Solvency II (an economic risk-based solvency regulatory framework to be utilized by all European Union member states); Systemic Risk (and the development of a methodology for the identification of globally systemically important financial institutions and the measures to be implemented once identified); ComFrame (the development of a common framework for the supervision of internationally active insurance groups – IAIG’s); Group Supervision; and numerous other issues and initiatives.
Prior to his appointment as Superintendent, Mr. Wrynn served as Executive Director of the New York State Insurance Fund – which was the largest workers’ compensation carrier in New York State with over 2600 employees, $1.3 Billion in new written premium, and total admitted assets of approximately $13 billion (making it the 7th largest property and casualty company in New York at the time). He has been an attorney practicing in the insurance sector for approximately 30 years and is admitted to the Federal and State Courts of New York and New Jersey as well as the Supreme Court of the United States. He has earned a Martindale-Hubbard Peer Review rating of AV Preeminent, and has been rated a top lawyer in insurance law by American Lawyer Media and Martindale-Hubbell, in insurance coverage by New York Metro Super Lawyers, and the 2017 listing of Who's Who Legal Consulting Expert Guide: Insurance and Reinsurance. He has also earned an Associate in Captive Insurance (ACI) and Associate in Risk Management (ARM) designation.
Mr. Wrynn has also made numerous presentations and authored several publications over the past several years that include (in the past year):
• Speaker, “Challenges for the Insurance Industry – a U.S. Perspective,” FTI International Insurance Roundtable, Brussels, Belgium, June 27, 2017
• Co-Author, “Part V: Regulatory, Alternative Risk Transfers, and Other Recent Developments”; “Reinsurance Regulation in the U.S.”; and “International Insurance”; Chapters in Reinsurance Professional’s Deskbook: A Practical Guide, Thomson Reuters and DRI, 2017-2018 Edition
• Speaker, “Performance Analytics: Measuring Your Society’s Performance and Your Contribution to Its Success,” 2017 Executive Summit, American Fraternal Alliance, W Chicago in Chicago, Illinois, April 3-5, 2017
• Speaker, “Implications of Brexit for The Insurance Industry,” Challenges for The Insurance Industry, International Bar Association, Millennium Hotel Mayfair in London, England, March 30-31, 2017
• Speaker, “St. John’s Law School Corporate & Securities Society,” Skadden, Arps, Slate, Meagher & Flom LLP, New York, New York, March 8, 2017
• Panelist, “Emerging Issues and Insurance Litigation Relating to Life, Health & Disability, and ERISA,” 43rd Annual Tips Midwinter Symposium on Insurance and Employee Benefits, American Bar Association, Hyatt Regency in Coral Gables, Florida, January 12-15, 2017
• Moderator, “Cybersecurity: Preparation is The Best Option,” FTI Consulting Forum, The Harvard Club in New York, New York, December 2, 2016
• Panelist, “Cybersecurity Threats and Countermeasures,” Financial Executives International (“FEI”), Chapter Forum, Greenwich, Connecticut, November 16, 2016
• Panelist, “Increasing Regulatory Headwinds: What’s Ahead for Business and Financing Opportunities,” (Discussed Principle-Based Reserving “PBR”, and the D.O.L. Fiduciary Rule”), Natixis Insurance Forum, New York, New York, November 14, 2016
• Speaker, “The Metamorphosis of Insurance Regulation,” Marine Corps War College, SJU, School of Risk Management, New York, New York, October 24, 2016
• Panelist, “Past Superintendent Panel,” 16th Annual LICONY Legislative & Regulatory Conference, Cooperstown, New York, September 28-30, 2016
• Speaker, “Current Issues in Insurance Regulation,” Society of Insurance Financial Management Annual Conference, Atlantic City, New Jersey, September 18-21, 2016
• Co-Author, “Why Augmented Reality is Making the Insurance Industry’s Head Spin,” FTI Journal, August 2016
(and numerous others)