Jim Wrynn is the Chief Commercial Officer (CCO) and Hearing Officer (Arbitrations/Mediations) at NAM (National Arbitration and Mediation) where he is responsible for the strategic management of the organization and the development of its’ overall commercial policy, as well as serving as a Hearing Officer in Insurance and Reinsurance Matters.
Prior to joining NAM, Mr. Wrynn most recently served as Senior Managing Director and one of the leaders in the Global Insurance Services practice at FTI Consulting; Managing Director and Vice-Chair in the U.S. for Guy Carpenter’s Global Strategic Advisory Group; and Senior Partner at the law offices of Goldberg Segalla, LLP in New York where he led the firm’s Global Insurance Regulatory Practice and helped facilitate the opening of its New York and London offices (where he served as a Registered Foreign Lawyer).
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 Associate in Captive Insurance (ACI), Associate in Risk Management (ARM), and Workers' Compensation Professional (WCP) designations.
Mr. Wrynn has also made numerous presentations and authored several publications over the past several years that include (in the past year):
• Panelist, “Terrorism Risk Insurance Act: Time to Renew…or Rethink?” American Bar Association TIPS Insurance Regulation Committee, Winstead Law Firm, Austin, Texas, December 8, 2019;
• Keynote Speaker, “A Leader’s Strategic Advantage,” (The Role and Responsibility of the Board in Corporate Governance), I-Lead Conference, Columbus Hilton, August 19, 2019
• Speaker, “Tips, Best Practices and Hot Button Issues of Commercial Mediation & Arbitration,” Law.com Webinar, June 25, 2019
• Speaker/Panel Member, “Know Before You Go: The Latest Developments and Best Practices in Alternative Dispute Resolution for Corporate Counsel,” ACC-NYC In-House Tool Kit, June 13, 2019
• Moderator, “Reinsurance Panel – Insurance Business Transfers – Pros and Cons,” ELANY/IFNY 2nd Annual Surplus Lines and Reinsurance Forum, Union League Club in New York, New York, May 22, 2019
• Moderator, “New and Innovative Options for Legacy Run-Off Business in the United States – The Insurance Business Transfer (IBT) and Division Statutes Explained,” 2019 Spring IBT Regulator Symposium, Hyatt Place, St. Petersburg, Florida, March 8, 2019
• Interviewee, “Unscripted.” Podcast Interview by Chuck Chamness, President/CEO of National Association of Mutual Insurance Companies (NAMIC), January 23, 2019
• Panelist, “Former Insurance Commissioners Panel,” American Bar Association 45th Annual TIPS Midwinter Symposium on Insurance and Employee Benefits, Hyatt Regency in Coral Gables, Florida, January 18, 2019
• Panelist, “New Options for Legacy Run-off Business,” ARIAS-US 2018 Fall Conference, Marriott in Brooklyn, New York, November 8, 2018
• Moderator, “Protecting and Promoting Businesses in the Digital Marketplace: ePrivacy, GDPR, Influencer Marketing, Native Advertising and More,” Baker Hostetler/FTI Consulting Litigation Forum, Yale Club in New York, New York, October 24, 2018
• Speaker, “The Regulation Requirements: How to Drive Your Next Deal Home…Without a Google Map,” AIRROC Commutations and Networking Forum, Jersey City, New Jersey, October 15, 2018
• Co-Author, “New York State Cybersecurity Regulation: Perspectives for Reinsurers,” Journal of Reinsurance 2018, Volume 25, Number 3, October 2018
• Speaker, “Innovation in The Insurance Industry and The IBT,” IBT Forum, Hyatt Regency in Tulsa, Oklahoma, August 21, 2018
• Speaker, numerous other events