ELANY Hires Former New York Regulator as Financial Director

The Excess Line Association of New York (ELANY) has hired James Davis as financial director. Davis is responsible for the financial review and analysis of all eligible listed excess line insurers to verify their financial strength.

Davis recently retired from the New York State Department of Financial Services (“the Department”) after 29 years of service as a financial examiner. Most recently he was assistant chief in the Department’s Financial Division of the Property Bureau.

ELANY was created by New York legislation in 1988 to assist its members with compliance with New York’s excess line law. ELANY’s responsibilities include conducting financial review and oversight of non-admitted insurers and providing continuing education for its members.