James J. Wrynn: Lawyer with Goldberg Segalla LLP

James J. Wrynn

London,  England

Peer Rating
AV® Preeminent

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Practice Areas

  • Insurance Regulatory
  • Professional Liability
  • Global Insurance Services
Contact InfoTelephone: 646.292.8716
Fax: 914.798.5401
EducationSt. John's University College of Business Administration (B.S., Accounting, 1981) Omicron Delta Epsilon; Who's Who in American Colleges and Universities; St. John's University School of Law (J.D., 1984)
Admitted1985, New York and New Jersey; U.S. District Courts for the Southern and Eastern Districts of New York; U.S. District Court for the District of New Jersey; U.S. Supreme Court
BornNew York, N.Y., July 10, 1959

James Wrynn is the immediate-past New York State Superintendent of Insurance whose private practice now focuses on assisting insurers and reinsurers with the full range of their regulatory needs. With more than 25 years as an insurance-focused lawyer and wide recognition as a premier authority on domestic and global insurance regulation, he leads Goldberg Segalla's insurance regulatory practice, an international team that has extensive experience serving the U.S., Europe, Bermuda, and other key markets in regulatory matters.

As a representative and an adviser for clients in their relations with insurance regulatory authorities nationally and internationally, Jim provides insurers and reinsurers with an inside perspective and uniquely informed guidance through inquiries, investigations, regulatory compliance, licensing issues, and other critical matters and proceedings. Highlights of his recent work and successes include:
• Introducing a major international insurer and its presenters at a 2012 hearing before the National Association of Insurance Commissioners (NAIC)
• Testifying as an expert witness on regulatory and reinsurance issues
• Resolving efficiently in three months a regulatory investigation in which the client had previously spent tens of millions of dollars over the course of many years

His practice also includes advising on compliance and market conduct issues, the activities of insurance regulators across the globe, and the formation and regulatory aspects of captive insurance companies. He represents insurers and reinsurers in regulatory matters concerning compliance, solvency, and other regulation modernization initiatives. Jim is a registered foreign lawyer in the United Kingdom, and he serves on the board of an A-rated insurance company. His credentials include the Associate in Risk Management (ARM) and Associate in Captive Insurance (ACI) distinctions.

Before joining Goldberg Segalla, Jim served as the 40th and last Superintendent of Insurance in the State of New York until the Insurance Department merged with the Department of Banking to form the new Department of Financial Services. He then served as the first Deputy Superintendent of the new department. His accomplishments at the Insurance Department were praised by Insurance Advocate magazine, which in January 2011 saluted him for "[making] his mark with innovations" as New York's top insurance regulator as well as for his responsiveness, willingness to work with the industry, and "genuine public service ethic." Prior to serving as Superintendent, Jim was the Executive Director of the New York State Insurance Fund, New York's largest workers' compensation and disability benefits carrier.

In addition to overseeing the state's supervision of all insurance companies that do business in New York, Jim played a key role in developing national and international regulations and policies governing the insurance industry. In 2010 he was elected Chair of the Northeast Zone of the National Association of Insurance Commissioners (NAIC), the organization of the chief insurance regulatory officials of the 50 states, the District of Columbia, and five U.S. territories. He also served as a member of the NAIC's Executive Committee, as Vice Chair of its International Insurance Relations "G" Committee, as Co-Chair of its Credit Rating Task Force, and as Vice Chair of the task force involved in a review of international developments regarding insurance supervision, banking supervision, and international accounting standards and their potential use in United States insurance regulation as part of a critical self-examination of the United States Insurance Solvency Regulation framework known as the "Solvency Modernization Initiative."

Jim also represented the United States as a member of the International Association of Insurance Supervisors (IAIS), an organization of insurance supervisory authorities from nearly 140 countries that sets international standards for insurance regulators. He participated heavily in international issues such as Solvency II (an economic risk-based solvency regulatory framework to be utilized by all European Union member states); systemic risk (and the development of a methodology for the identification of globally systemically important financial institutions and the measures to be taken once identified); the development of a common framework for the supervision of internationally active insurance groups (known as "COMFRAME"); group supervision; and numerous other issues and initiatives.

• Martindale-Hubbell Peer Review Rating: AV Preeminent
• Top Rated Lawyer in Insurance Law, American Lawyer Media and Martindale-Hubbell, 2013
New York Metro Super Lawyers (Insurance Coverage)

Insurance Designations
• Associate in Risk Management (ARM) - American Institute for Chartered Property Casualty Underwriters
• Associate in Captive Insurance (ACI) - International Center for Captive Insurance Education

Professional Affiliations
• National Association of Insurance Commissioners (NAIC): Former Chair, Northeast Zone for the Executive Committee; Former Vice Chair, International Insurance Relations "G" Committee; Former Co-Chair, Credit Rating Task Force; Former Vice Chair, Solvency Modernization Insurance Task Force; Former Chair, Valuation of Securities Task Force
• International Association of Insurance Supervisors (IAIS): Former member of numerous committees, including Financial Stability Committee
• New York Insurance Association
• Defense Research Institute
• Economic Club of New York
• New York and New Jersey State Bar Associations
• Former member, New York State Trial Lawyers Association
• Board of Directors, Catholic Lawyers Guild, Queens County
• Former member, Board of Managers and Grievance Committee, Queens County Bar Association
• Past President, Brehon Law Society
• Former officer, Flushing Lawyers Association
• Former member, Network of Bar Leaders
• Former Board of Directors member, New York City Economic Development Corp. and New York City Business Relocation Assistance Corp.

Civic Activities
• St. John's University: Member, Board of Overseers of the School of Risk Management, Insurance, and Actuarial Science; former member, School of Law Alumni Association Board of Directors

• Editor, "Part V: Regulatory, Alternative Risk Transfers, and Other Recent Developments," in Reinsurance Professional's Deskbook: A Practical Guide, Thomson Reuters and DRI, January 2015
• Co-Author, "Overview of the Reinsurance Regulatory Environment," "Reinsurance Regulation in the U.S.," and "International Insurance," Chapters in Reinsurance Professional's Deskbook: A Practical Guide, Thomson Reuters and DRI, January 2015
• Moderator, Commissioners' Panel, "Health Care Reform and Its Regional Impact," Energi Risk Management and Insurance Summit Conference, San Antonio, Texas, October 6-10, 2014
• Presenter, "The Journey to Orsa Begins," Enterprise Risk Management Roundtable, St. John's University School of Risk Management, Insurance, and Actuarial Science, October 1, 2014
• Presenter, "Global Standards: Upcoming Challenges in Implementation," 3rd Conference on Global Insurance Supervision: Fit for Global Thinking, Frankfurt, Germany, September 9, 2014
• Presenter, "Navigating the FATCA (Foreign Account Tax Compliance Act) Maze," Brokers & Reinsurance Markets Association Educational Forum Discussion, New York, NY, May 22, 2014
• Presenter, "Regulatory and Compliance Update," 15th Annual Insurance Accounting & Systems Association (IASA) Metro NY/NJ Meeting and Golf Outing, Manalapan, NJ, May 20, 2014
• Presenter, "A Superintendent's View of the Changing Insurance and Reinsurance Regulatory Climate and How the Market Can Prepare for its Impact in 2014 and Beyond," Goldberg Segalla Seminar: From Regulation to ILS: Legal Challenges to the Insurance and Reinsurance Industry in 2014 and Beyond, Hamilton, Bermuda, May 14, 2014
• Presenter, "The Metamorphosis of Insurance Regulation," Defense Research Institute's Life Health and Disability Seminar Corporate Counsel Breakfast, Chicago, IL, May 1, 2014
• Panelist, "How Will an Increasingly Complex Regulatory Environment Affect Your Society?" American Fraternal Alliance Presidents Mid-Year Meeting, Savannah, GA, April 28, 2014
• Moderator, "Regulatory Roundtable: Emerging Regulations and Their Impact on the Market and the Regulatory Areas to Watch in 2014 and Beyond," American Conference Institute's 9th Annual International Advanced Forum on Run-Off and Commutations, New York, NY, April 24, 2014
• Panelist, "Insurance Agents E&O: Wait, Wait, There's a Duty to Do What?" 2013 PLUS International Conference, Orlando, FL, November 5, 2013
• Moderator, "Convergence vs. Mutual Recognition: What Does the Future Hold?" St. John's University School of Risk Management Regulatory Conference, New York, NY, October 24, 2013
• Speaker, "New York Coverage Law: Hot Topics and Practical Tips," Hartford Insurance Company, New York, NY, October 15, 2013
• Featured in "Insurance Law, Regulation - Jim Wrynn's Experience Covers It All," Insurance Journal, September 29, 2013
• Co-Author, "Climate Change: A New Era of Old Challenges for the Insurance Industry," LexisNexis Legal Newsroom: Insurance Law, September 23, 2013
• Speaker, "Keynote Comment," APRIA (Asian Pacific Risk Insurance Association) Conference, St. John's University School of Risk Management, New York, NY, July 2013
• Presenter, GoHealth VM0: Round Table on Health Care Reform, Chicago, July 31, 2013
• Presenter, "Navigating Investment Opportunities in a Low Yield Environment," Taiwan Insurance Institute, Taipei, Taiwan, June 27, 2013
• Presenter, "Navigating Investment Opportunities in a Low Yield Environment," International Insurance Society 49th Annual Seminar, Seoul, South Korea, June 17, 2013
• Speaker, "Post-Nat Cats: How Did We Do? A Regulator's Perspective, Northwind 12th Annual Property and Casualty Insurance Industry Forum, Langdon Hall, Cambridge, Ontario, June 7, 2013
• Speaker, "Insurance Industry Legislative Overview," AIG Life and Retirement Partner Symposium, Le Parker Meridien, New York City, May 16, 2013
• Presenter, "Promulgation and Enforcement: Navigating a Complex 21st Century Insurance Regulatory Environment," DRI Insurance Coverage and Claims Institute, Chicago, April 12, 2013
• Moderator, "Update on Unclaimed Property Issues in the States," NALC Conference, St. Simon Island, Georgia, April 10-12, 2013
• Presenter, "A Global Perspective on Today's Insurance Challenges: Capitalization, Solvency Issues and Available Restructuring Tools," KPMG Academy, Nicosia, Cyprus, February 2013
• Speaker, "Role of Agents and Brokers Under the Affordable Care Act," GoHealth Conference, Chicago, Illinois, January 18, 2013
• Presenter, "A Global Perspective on Today's Insurance Challenges: Solvency, Capitalization, and Available Restructuring and Exit Tools," Association of Hellenic Insurers, Athens, Greece, December 13, 2012
• Presenter, "Key Issues Facing the Insurance Industry Now and in the Future," William J. Parkinson Distinguished Lecture, St. John's University School of Risk Management, Insurance, and Actuarial Science, October 17, 2012
• Speaker and Award Presenter, Israel Bonds Insurance Division Luncheon honoring Roger W. Crandall and Benjamin M. Lawsky (and recognizing Gloria Levin, the mother of Neil D. Levin, in whose memory the prestigious Government Service Award was established), October 11, 2012
• Keynote Presenter, "2020-A View of the Future Insurance Landscape," Insurance Technology Conference, London, October 9, 2012
• Presenter, "Looking Ahead: Update on Regulatory and Market Trends From New York's Former Insurance Superintendent," ICA Annual Conference, Orlando, Fla., September 30 - October 2, 2012
• Co-Presenter, "Dealing with a Department of Insurance," ICA Annual Conference, Orlando, Fla., September 30 - October 2, 2012
• Co-Author, "Paradox and Balance: AIG, Germany, and the European Stability Mechanism," ABA Section of International Law Europe Update, October 2012
• Judge, Worldwide Reinsurance Awards, Dorchester, London, September 5, 2012
• Quoted in "Uncertainty Weighs Down U.S. Insurers,"Life Insurance International, July 2012
• Quoted in "Economic Crisis Challenges Harmonization of U.S. Regulations, EU's Solvency II,"Insurance Journal, June 10, 2012
• Featured in "Wrynn: Insurance Execs Should Voice Concerns Before Rules Are Passed,"Property Casualty 360, June 4, 2012
• Speaker, "New Global Standards of Regulation," European Insurance Forum, Dublin, Ireland, May 24, 2012
• Quoted in "Former NY Commissioner Wrynn Demands Solvency II Equivalence for the US," Insurance Day, March 23, 2012
• Quoted in "Ex-NY Insurance Superintendent Calls for Solvency II Equivalency,"Post (London), March 22, 2012
• Accomplishments as New York Superintendent of Insurance Featured in "Second Act Seen: Jim Wrynn Seems a Logical Choice,"Insurance Advocate, January 11, 2011


Documents by this lawyer on Martindale.com

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MetLife Files First Challenge to SIFI Designation
Aaron J. Aisen,James J. Wrynn, February 20, 2015
MetLife is challenging its designation as a nonbank systemically important financial institution (SIFI). Dodd-Frank created the Financial Stability Oversight Council (FSOC) which comprises the heads of federal financial regulators and a voting insurance specialist and is chaired by the Treasury...

Insurance and ISIS, Inc.
Aaron J. Aisen,James J. Wrynn, February 6, 2015
In recent weeks, the U.S. and British governments have unveiled new measures for fighting the Islamic State of Iraq and Syria (ISIS). These measures are designed to counter the terrorist group’s financial structure.

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Office Information

James J. Wrynn

1st Floor, 65 Leadenhall Street
London EC3A 2AD

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