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Texas Insurance Commissioner Montemayor to Step Down

Texas Insurance Commissioner Jose Montemayor will step down later this month to become a managing general partner of the Black Diamond Group, a merchant bank...
May 27, 2005

Texas Insurance Commissioner Jose Montemayor will step down later this month to become a managing general partner of the Black Diamond Group, a merchant bank specializing in insurance industry investments. Montemayor served as the chairman of the Property and Casualty Committee of the National Association of Insurance Commissioners and is regarded as one of the nation's leading experts in property and casualty issues. Then-Governor George W. Bush appointed Montemayor Texas Insurance Commissioner in January 1999. Governor Rick Perry reappointed Montemayor twice to the post. Montemayor did not seek reappointment to a 4th term. Montemayor plans to start in his new job in June. Gov. Rick Perry's office has not yet announced Montemayor's successor.

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