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Csiszar Resigns as NAIC President and South Carolina DOI, To Head PCI

Ernst N. Csiszar has resigned as president of the National Association of Insurance Commissioners (NAIC) and as South Carolina Director of Insurance, to accept the...
August 24, 2004

Ernst N. Csiszar has resigned as president of the National Association of Insurance Commissioners (NAIC) and as South Carolina Director of Insurance, to accept the position of president and chief executive officer of the Property Casualty Insurers Association of America (PCI), a large property and casualty trade association. PCI chairman Anthony Dickson said Csiszar will begin his new position on October 4. "After a thorough search and consideration of several excellent candidates, the PCI Board felt that Ernie's unique knowledge, gained through experience as a regulator, as an insurance company executive and in finance made him the right person to lead the new PCI," said Dickson. Csiszar's term as president of the NAIC was to end in December.

Csiszar resigned his posts at the NAIC and the South Carolina DOI on Thursday, August 19 - the same day his new position at PCI was announced. Csiszar was appointed director of the South Carolina Department of Insurance in 1999, beginning a rise through the ranks at the NAIC. He served as president and chief executive officer of Seibels Bruce Group, Inc., a Columbia, South Carolina insurance company, from 1995 to 1998. He was a visiting professor at the School of Business at the University of South Carolina from 1993 to 1995 and also served as managing co-director of the European investment-banking firm Holborn Holdings Corporation in Geneva, Switzerland. Csiszar was born in Romania and immigrated with his family to Ontario, Canada.

"We are disappointed to see Mr. Csiszar go," said Cathy Weatherford, NAIC executive vice president and CEO. "While this mid-term departure is unfortunate, we are also committed to a smooth transition and steadfast continuity of our mission to assist state insurance regulators."

Robert Hunter, insurance director for the Consumer Federation of America, was not disappointed to see Csiszar go. He told the National Underwriter Csiszar is "an insurance industry ideologue" and termed his departure "a good day for consumers, the sheep's clothing is off the wolf. We called for his resignation months ago."