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Profile
James Joseph Wrynn Esq.
Current Employment
  • Company:
    NAM
  • Position(s) and Responsibilities:

    Hearing Officer and Chief Commercial Officer

  • Address:
    990 Stewart Avenue
    Garden City, NEW YORK 11530 United States
  • Phone:
    516-941-3260
  • Cell:
    9175331519
  • Email:
Previous Employment
  • Company:
    FTI Consulting
  • Position(s) and Responsibilities:

    Senior Managing Director, Global Insurance Services
    *One of the Leaders of the Insurance Practice of this Global Business Advisory Firm that provides services to clients in 104 Offices that are located in 81 Cities in 28 Countries.
    *A Leader in the Insurance Practice, which was focused on uncovering and correcting root cause issues, and in managing risk and improving performance and financial results through sustainable solutions in major areas critical to client success. The Services provided included: Regulatory, Governance & Compliance Services; Expert Witness testimony; Strategic & Financial Risk Management; Corporate Advisory Services; Claims Analytics & Advisory; Risk & Exposure Management (including Cyber Security); Performance Analytics; and Litigation & Dispute Resolution Support.
    *Clients included companies that write all lines of business on a multi-national, national and regional level; stock companies, mutual's, reciprocals, risk-retention groups, captives, producers and governmental agencies (at the state and national levels in the US and abroad).

  • Company:
    Guy Carpenter
  • Position(s) and Responsibilities:

    Managing Director and Vice-Chair of the Global Strategic Advisory Group (US)
    *Led the organization’s strategic advisory initiative, which was designed to assist the organization’s valued and trusted clients in developing strategies dealing with governance, regulatory and compliance issues; capital management/optimization; the identification and prioritization of growth opportunities, strategic partners and acquisitions; new product development; geographic expansion strategies; distribution solutions; market conduct issues and strategies; risk financing options, including captive insurance formation and operation; ERM/ORSA Guidance; and a variety of other issues across the US and globally.

  • Company:
    Goldberg Segalla, LLP
  • Position(s) and Responsibilities:

    Partner
    *Managing Partner of the firm’s New York office and a senior partner in the firm’s Global Insurance Services Practice Group.
    *Registered Foreign Lawyer and one of the Founding Partner’s in the firm’s UK office.
    *Leader of the firm’s Insurance Regulatory Practice, an international team that has extensive experience serving the US, Europe, Bermuda and other key markets in regulatory matters, including:
    o Advising on licensing and approval for new products;
    o Responding to inquiries and representing clients in investigations and other matters before
    regulators;
    o Advising on the activities of, and the regulations put forth by, insurance regulators, including the
    NAIC (National Association of Insurance Commissioners), the IAIS (International Association
    of Insurance Supervisors), and other bodies that shape insurance regulatory policies;
    o Providing guidance for insurers (and other regulated entities) doing business in the UK and EU
    on the application of the Directives of the EU (such as “Solvency II”), the regulatory and
    supervisory standards established by EIOPA (European Insurance and Occupational Pensions
    Authority), the principles, guidance and frameworks being developed by the IAIS, and the
    requirements of the local jurisdictions;
    o Assisting insurers with form preparation and rate approval, company formations, reorganizations,
    mergers and acquisitions, re-domestications, and exit strategies (including loss
    portfolio transfers), and financial reporting (and associated issues);
    o Consulting on market conduct, bid strategy, marketing and strategic communications;
    o Resolving regulatory, contractual and licensing issues related to Agents, Brokers, Agencies and
    Third-Party Administrators;
    o Advising on financial, regulatory and operational issues involving captive insurance companies;
    o Testifying as an Expert Witness.

  • Company:
    New York Department of Financial Services
  • Position(s) and Responsibilities:

    First Deputy Superintendent
    *Drafted the new Financial Services Law (Chapter 18-A of the New York consolidated Laws) to provide the framework for the merger of the New York State Departments of Banking and Insurance into the new Department of Financial Services (DFS), and then nominated by Governor Andrew M. Cuomo to serve as its First Deputy Superintendent.
    *Developed the organizational structure and divisions of the new agency; facilitated the integration of the two departments into the new DFS; and then oversaw the operations of the merged entity.
    *Spearheaded Governor Cuomo’s Job Creation and Development Initiative to maintain and enhance New York’s reputation as a world financial services center; meeting with CEO’s of banks, insurance companies and trade associations to address the numerous issues affecting the entire financial services sector at the state, national and international levels.

  • Company:
    New York State Insurance Superintendent
  • Position(s) and Responsibilities:

    Superintendent
    *Nominated by Governor David A. Paterson as the 40th (and last) Superintendent of Insurance of the State of New York.
    *Managed and streamlined the operations of both the NYSID (New York State Insurance Department) and the New York Liquidation Bureau (NYLB), entities with over twelve hundred (1,200) employees.
    o The NYSID – Involved a budget of approximately $450 Million, charged with regulating
    approximately 230,000 agents, brokers and other producers, and approximately 1,800 entities with
    assets under management of approximately $4 Trillion.
    o The NYLB – Involved a budget of approximately $60 Million, with 275 employees charged with
    administering seventy (70) estates with assets under management of approximately $2 Billion.
    *Represented United States regulators at numerous meetings and forums, including the European
    Commission (EC), EIOPA (formerly the Committee of European Insurance and Occupational Pension
    Supervisors [CEIOPS]), the Organization for Economic Cooperation and Development (OECD), the Bank for International Settlements (BIS), the Geneva Association, the NAIC and the IAIS (and nominated to be chair of its Financial Stability Committee).
    *Represented the interests of New York and the United States in negotiations with the EC, EIOPA and
    other international regulators as regulatory standards were redefined and new approached considered, including the introduction of economic, risk-based solvency requirements that are to be utilized by all EU member states (known as “Solvency II”); the development of a common framework for the supervision of internationally active insurance groups known as “ComFrame”); macro-prudential surveillance; group supervision; systemic risk (and the development of a methodology for the identification of globally systemically important financial institutions (know as “G-SIFI’s”); the convergence of United States Generally Accepted Accounting Principles (“GAAP”) and the International Financial Reporting Standards

  • Company:
    New York State Insurance Fund
  • Position(s) and Responsibilities:

    Executive Director
    *Served as head of the largest writer of Workers’ Compensation Insurance in New York State, with over two thousand six hundred (2,600) employees, $1.3 Billion in net written premium, and total admitted assets of approximately $13 Billion at the time (the 7th largest property and casualty company in New York State).
    *Led the organization through the aftermath of the financial crisis by undertaking, among other measures, a re-engineering of the business practices of the entity to conform to industry-wide best practices, a comprehensive review and analysis of the organization’s investment policies, a complete re-assessment and overhaul of the Fund’s marketing and advertising strategy, and an enterprise-wide modernization of the information technology infrastructure.

  • Company:
    McKay, Wrynn & Brady, LLP
  • Position(s) and Responsibilities:

    Partner
    *Founding member of AV-Rated practice focused on civil litigation and appellate matters with a strong concentration in the counseling and representation of the interests of major insurance companies providing, among other services, counseling, coverage opinions, and representation before local, state and federal courts (and other tribunals), involving most lines of insurance (and activities) for insurance companies, reinsurers, excess insurers, self insurers, captive insurers, risk retention groups, agencies, agents and brokers, and others.

  • Company:
    McCormick, Dunne & Foley, LLP
  • Position(s) and Responsibilities:

    Trial Attorney
    *Litigation attorney specializing in civil trials and appellate practice, with a main focus on life, accident and health coverage disputes; preparation of hundreds of ”opinion letters”; the handling of trials in the local, state and federal courts and appeals in the appellate courts throughout the state; and speaking on evidentiary and substantive matters at industry conferences and seminars.

Credentials
  • Attorney:
    Yes
  • Education:
    EDUCATION
    *St. John’s University School of Law, Jamaica, New York
    -Juris Doctorate, May 1984
    *St. John’s University College of Business Administration, Jamaica, New York
    -Bachelor of Science, Accounting, May 1981
  • Degrees:
    Juris Doctorate, May 1984
    Bachelor of Science, Accounting, May 1981
  • Designations:
    *Associates in Risk Management (ARM)
    * Associates in Captive Insurance (ACI)
    * Workers’ Compensation Professional (WCP)
  • Languages:
    English
  • Other Information:
    Public Interest and Professional Associations

    *The Economic Club of New York
    * The Insurance Federation of New York
    *Board of Overseers, Maurice R. Greenberg School of Risk Management (formerly St. John’s University School of Risk Management, Insurance and Actuarial Science)
    *Board of Advisors, The Peter J. Tobin College of Business – St. John’s University
    *Board of Directors, The American Society of Workers’ Compensation Professionals (“AmCOMP”)
    *Membership and prior leadership in numerous Bar and Civic Associations
    *Former:
    o New York City Economic Development Corporation, Board Member
    o New York City Business Relocation Assistance Corp., Board Member
    o Numerous positions at the NAIC, including:
    – Chair, Northeast Zone for the Executive (EX) Committee
    - Chair, Valuation of Securities (E) task Force
    – Co-Chair, Rating Agency Working Group
    – Vice-Chair, International Insurance Relations (G) Committee
    – Vice-Chair, Solvency Modernization Initiative (EX) Task Force
    – Vice-Chair, Reinsurance (E) Task Force
    – Member, numerous other committees, working groups and task forces
Work Experience
  • Reinsurance Company: 1 year.
    Other Department: 1 year.
Mediation Experience
  • Number of Mediations
    As Counsel: 100
Biography

Mr. Wrynn has more than 35 years of professional experience as an attorney, regulator, executive and strategic advisor in the domestic and global insurance and regulatory sectors. In his previous role as the 40th and last Superintendent of the New York State Insurance Department, he managed and streamlined the operations of both the New York State Insurance Department (NYSID) and the New York Liquidation Bureau (NYLB) and oversaw multi-million-dollar budgets that included hundreds of employees and thousands of agents, brokers and other producers. He has also served as the first Deputy Superintendent of the New York State Department of Financial Services (NYDFS), the Executive Director of the New York State Insurance Fund (NYSIF), and played an integral role within both the National Association of Insurance Commissioners (NAIC), and the International Association of Insurance Supervisors (IAIS).

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). Additionally, he has an international presence as a member of Insurance Boards in the United States, European Union and Bermuda.

A longtime advocate of ADR, Mr. Wrynn’s deep knowledge of, and experience in, the insurance regulatory sector coupled with his experience as an executive, strategic advisor and an attorney – with a wealth of experience as a litigator representing both plaintiffs / claimants and defendants across a variety of complex civil and commercial matters – make him uniquely qualified to serve as a Cerftified ARIAS Arbitrator.