Insurance Commissioner Thomas B. Leonardi Biography
As Connecticut’s 31st Insurance Commissioner, Thomas B. Leonardi leads a regulatory agency with jurisdiction over one of the largest insurance industries in the United States.
He is a current or former: member of the NAIC Executive Committee, the Internal Administration (EX1) Subcommittee, Chair of the NAIC’s International “G” Committee, the NAIC’s Financial Stability Task Force and of the NAIC’s 12-state Northeast Zone, Vice Chair of the NAIC’s Accreditation “F” Committee and member of the NAIC’s Life “A,” Property Casualty “C” and Financial Regulation “E” Committees, the International Insurance Relations (EX) Leadership Group, the Government Relations Leadership Council and the board of the National Insurance Producer Registry (NIPR).
Commissioner Leonardi was chosen by the U.S. Department of the Treasury in 2011 to serve on the first Federal Advisory Committee to the Federal Insurance Office, a post he held for three years. He was the only U.S. regulator to be invited to testify at the February 2014 Congressional hearing on the FIO’s Insurance Modernization report and one of only three commissioners to attend a nearly one hour meeting with President Obama in the Oval Office in November of 2013 to discuss issues concerning the implementation of the Affordable Care Act. He also serves as one of only two U.S. insurance commissioners on the Executive Committee of the International Association of Insurance Supervisors (IAIS), for three years was the only U.S. regulator on the IAIS’ Financial Stability Committee, and also served on the Technical Committee as well, having the distinction of being the only U.S. regulator to sit on all three IAIS committees at the same time.
He is active on more than 15 supervisory colleges for large internationally active insurance and reinsurance groups in the U.S. and Europe.
In 2014, Commissioner Leonardi was among 20 people chosen to serve on the World Economic Forum’s Global Council on Insurance, one of 80 councils on various business sectors convened by the World Economic Forum. The input from all the Councils is used to develop the agenda for the WEF’s annual meeting in Davos, Switzerland.
For 22 years prior to his appointment as Commissioner, he was chairman and CEO of Northington Partners, Inc., an insurance specialty venture capital and investment banking firm. Prior to founding Northington, he was the head of M&A and Venture Capital at Conning & Company. Prior to that, he was the president and vice chairman of the Beneficial Corporation’s insurance subsidiaries.
Commissioner Leonardi is a member of the bar of the state and federal courts of Connecticut and New Jersey. He earned a bachelor’s degree from Boston University with distinction in history, summa cum laude and Phi Beta Kappa. He earned a Juris Doctor with honors from the University Of Connecticut School Of Law.