Lee Covington Chosen To Replace Retiring Frank Nutter as RAA President

Lee Covington has been named president-elect of the Reinsurance Association of America (RAA), succeeding Frank Nutter, who will retire effective December 31 after 32 years as the association's president.

Mr. Covington, currently president and CEO of the Surety & Fidelity Association of America (SFAA), will assume the role of RAA president on January 1, 2024.

Mr. Covington has led the SFAA since 2018. Prior to that, he was senior vice president, government affairs, and general counsel of the Insured Retirement Institute. He has also held positions at Squire Patton Boggs and PwC, and served as director of the Ohio Department of Insurance and deputy director of the Arkansas Insurance Department.

"Over the last 4 decades, Frank has grown the RAA into the leading voice for the reinsurance industry in the United States," Justin O'Keefe, chair of the RAA's board of directors, said in a statement. "Guided by Frank's leadership, integrity, and vision, the RAA team has addressed some of our industry's most complex issues at both a federal and state level. On behalf of the RAA membership, board of directors, and staff, I would like to thank Frank for his unwavering commitment to the RAA and wish him and his family a happy retirement.

"I am delighted to welcome Lee to the RAA," Mr. O'Keefe continued. "He is an immensely qualified leader and his deep expertise and extensive career in insurance industry advocacy and regulation will be invaluable to the RAA. The board and I look forward to working with Lee as he continues to advance the RAA's strategic priorities and advocate on behalf of our members."