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Eric R. Dinallo: Wikis

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Eric R. Dinallo


39th Superintendent of Insurance of New York

Spouse(s) Priscilla Almodovar
Profession Attorney

Eric R. Dinallo is a former Superintendent of Insurance for New York State; he was nominated by Governor Eliot Spitzer and confirmed by the New York State Senate on April 18, 2007 as the 39th Superintendent of the New York State Insurance Department. On May 28, 2009 he announced his resignation and subsequently left state government service to become a visiting professor at New York University's Stern business school. On August 24, 2009, Dinallo announced that he is preparing for a possible campaign for the elected office of New York State Attorney General.

Since being named Superintendent, Dinallo's accomplishments include resolving a dispute over insurance settlements for the World Trade Center complex, a dispute that had lasted five and a half years.

Dinallo also was named by Spitzer to lead the state's efforts to reform workers' compensation insurance and medical malpractice insurance. He chaired the Blue Ribbon commission charged with reviewing and modernizing New York's financial services regulatory structure, an effort largely derailed by the Great Recession of 2008 to 2009. No report or recommendations were ever issued by the Blue Ribbon commission.

Dinallo joined the Insurance Department from Willis Group Holdings. Since 2006, he had been General Counsel for the company, the world’s third largest insurance broker. A member of the Partners Group, the company’s global executive management committee, he was the primary legal advisor on value creation matters. His responsibilities included supervising General Counsels, Global Compliance and the Internal Audit Department, as well as implementing corporate strategies, policies and procedures to ensure the effective management of regulatory and litigation matters.

From 2003 to 2006, Dinallo was the Managing Director, Global Head of Regulatory Affairs for Morgan Stanley. He designed and led top-to-bottom reviews of conflicts and business practices, achieving a major shift in the firm-wide regulatory strategy. At Morgan Stanley, Dinallo chaired the Global Conflicts Committee and was the Managing Director on the Law Department Diversity Committee. He was also a member of the Franchise Committee and the Operational Risk Group.

Dinallo served at the Office of Attorney General Eliot Spitzer from 1999 to 2003. As Chief of the Securities Bureau, he was charged with combining that bureau with the Real Estate Finance Bureau. The resulting Bureau was named the Investment Protection Bureau to reflect its focus, and Dinallo was named its first Chief. In that capacity, he led the reinvigorated Bureau’s investigations into the Wall Street Cases – conflicts of interest in the financial services industry, including research analyst cases and the spinning of hot initial public offerings. He produced more than 40 major civil and criminal matters, and led the Bureau through the beginning of the mutual fund industry investigations.

Before joining the Attorney General’s office, Dinallo served as an Assistant District Attorney in the New York County District Attorney’s office from 1995 to 1999. He had primary responsibility for securities fraud and white collar and insider trading investigations and trial.

Before that he was a Litigation Associate with the Manhattan law firm of Paul, Weiss, Rifkin, Wharton & Garrison from 1991 to 1995.

Education

He graduated from Vassar College in 1985 with a major in Philosophy, and earned a Masters degree from Duke University's School of Public Policy in 1987. He then attended New York University Law School where he was New York University Law Review and Essay Editor and a member of the Order of the Coif. He obtained his J.D. in 1990. He then clerked with the Honorable David M. Ebel of the United States Court of Appeals, Tenth Circuit in Denver.

Dinallo lives in Manhattan with his wife, Priscilla Almodovar and children.

Preceded by
Howard Mills
New York State Superintendent of Insurance
2007 – present
Succeeded by
incumbent
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