China resident named to financial stability oversight council

Eric A. Cioppa

Eric A. Cioppa, a resident of the Neck Road, in China, has been appointed to a two-year term as the Financial Stability Oversight Council’s state insurance commissioner representative.

Officials said Cioppa, who serves as superintendent of the Maine Bureau of Insurance and also president-elect of the National Association of Insurance Commis­sioners, will represent the interests of the nation’s state insurance regulators on the council.

“State insurance regulators will be well-served by Eric, whose expertise makes him an excellent selection to continue the NAIC’s tradition of providing thoughtful insight to FSOC’s proceedings,” Julie Mix McPeak, NAIC president and Tennessee commissioner of Commerce and Insurance, said.

“Given the importance of FSOC’s work in protecting the financial sector from systemic risk we are fortunate to have someone of Eric’s caliber willing to take on this responsibility,” said McPeak.

Cioppa, whose selection was ratified by and NAIC Plenary earlier this month, replaces Peter L. Hartt, director of New Jersey’s Insurance Division.