A veteran of the U.S. Department of Treasury and other government departments who helped establish the Federal Insurance Office is joining the Property Casualty Insurers Association of America.

Chris Ledoux’s hiring at PCI as vice president, federal policy follows the recent hiring of several other people with a goal of strengthening the association’s advocacy team.

Ledoux joins PCI after serving at the U.S. Department of Treasury and other federal agencies, as both an insurance industry and regulatory advisor.

Most recently, Ledoux was the Federal Deposit Insurance Corporation’s (FDIC) first insurance specialist and corporate legal resource on insurance issues. While there, he handled, in part, the FDIC’s review of “living wills,” the Dodd-Frank Act’s Orderly Liquidation Authority and also advised the FDIC chairman on insurance matters in the chairman’s capacity as a voting member of the Financial Stability Oversight Council.

Before the FDIC, Ledoux served for nearly five years as senior advisor to the FSOC independent voting member with insurance expertise. He served as the voting insurance members’ principal Deputy and also served on FSOC’s Deputies Committee, Nonbank Designations Committee, Systemic Risk Committee, and others.

As well, Ledoux was an official at the Treasury Department, where he monitored and advised on insurance and reinsurance issues of federal interest. During the 2008 financial crisis and its aftermath, he worked on the rescue of AIG; the creation of the Troubled Asset Relief Program (TARP), the temporary money market fund guaranteed program; the insurance-related provisions of the Dodd-Frank Act; and was later responsible for helping establish the Federal Insurance Office. His experience also includes a temporary assignment to the Senate Banking Committee to work on bipartisan reauthorization and reform of the National Flood Insurance Program in 2012, PCI said.

Ledoux’s hiring follows a number of other recent additions to PCI’s advocacy team: Margaret Labno, PCI’s vice president, tax and accounting policy; Mona Dooley and Kyle Glenn as assistant vice presidents, federal government relations; and Daniel Yi as the federal government relations executive assistant and program manager.

Source: PCI