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Alvarez & Marsal Augments Insurance Advisory Offering With New Hire

March 30, 2015, 07:18 AM
Related: Alvarez & Marsal

Leading global professional services firm Alvarez & Marsal (A&M) has appointed Scott Harrison as a Managing Director with the Insurance and Risk Advisory Services practice. He is based in the firm’s Washington, D.C. office.  Mr. Harrison’s Washington, D.C.-based insurance and regulatory practice has become part of A&M’s Insurance and Risk Advisory Services group. 

Harrison brings extensive experience providing highly specialized regulatory, compliance, corporate governance and risk advisory services to insurance companies and their strategic partners. He counsels clients on business and public affairs strategies, business process and operational risk, issue advocacy, corporate governance, the development of regulatory and legislative policy, and market regulation/compliance. 

Harrison has represented and negotiated multiple, multi-state market conduct examinations, including the development and implementation of corrective action measures and remediation plans.

Jim McDermott, A&M’s Insurance and Risk Advisory Services Practice Lead, said, “Scott’s long-term dedication to serving the insurance industry and regulatory community along with his deep understanding of the evolving regulatory landscape enhances our ability to better serve clients and enriches our suite of services.  His experience benefits our clients as they continue to address the challenges posed by rapid industry shifts.”

Harrison said, “I am delighted to join A&M, a well-respected firm known for cutting-edge work.  The firm’s reputation for operational excellence and resourceful client problem solving matches the way I work with clients on regulatory, advisory, compliance and corporate governance issues.”

Harrison serves as Executive Director for the Affordable Life Insurance Alliance (ALIA), an independent insurance trade association with the mission to fundamentally reform state laws and regulations governing life insurance reserves.

Harrison served as Deputy Superintendent of the New York State Insurance Department, Deputy Commissioner of the Delaware Insurance Department and interim Chief Compliance Officer for a Fortune 500 life and health insurance company. Additionally, he worked as a Principal with Navigant Consulting and as a Partner with KPMG LLP, managing the firm’s national insurance regulatory practice.

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