Insurance industry representatives from all over Texas and other states gathered at a reception for retired Deputy Commissioner Danny Saenz. The reception was held at The Headliners Club in Austin, Texas and was sponsored by Forrest Roan, Jose Montemayor, American Insurance Association, Old American Group, and the Texas Land Title Association, to name a few.
Saenz began his career with the Texas Department of Insurance (TDI) as an examiner trainee. He went on to serve as assistant chief examiner for market conduct examinations and director of financial analysis and examinations. Saenz was named Deputy Commissioner for Financial Regulation in 2007. He served as the International Representative for the National Association of Insurance Commissioners, and led the negotiations on behalf of the US to draw up the integration of international insurance solvency regulations with those of the United States. He is nationally and internationally recognized as one of the most preeminent financial regulators and was the key national decision-maker in regulatory moves that saved AIG during the 2008 financial crisis. At the retirement reception, Danny was cited as an insurance regulator who knew “how” and “when” to say “yes.”
His 27-year career with the TDI led him to his role as an in-demand international consultant and presenter on issues related to the insurance industry and its regulation.
Danny has received many awards over the years. In 2011, he was presented the prestigious Robert Dineen Award, the National Association of Insurance Commissioners’ highest individual honor in recognition of outstanding achievement as a career regulator. Last year, he received the “Pillar of Success” award to recognize his distinguished career as an insurance regulator as well as his contributions to society and to the University of Texas. The Commissioner of Insurance at the time, Julia Rathgeber, stated that “I would like to heartily congratulate Danny for this well-deserved recognition. He has dedicated himself to understanding and improving the regulatory oversight of the insurance industry, not only in Texas and the nation, but also globally. Danny is a shining example of someone who has achieved success and has generously shared his experiences with others. Truly a job well done.”
Doug Slape now serves as the Deputy Commissioner for Financial Regulation.