California Insurance Commissioner John Garamendi announced the appointment of David E. Wilson as chief executive officer of the state’s Conservation and Liquidation Office.
Wilson brings more than three decades of accounting, health care, and insurance industry experience to the CLO. He replaces current CEO Fred Buck, who will stay on through March to help with the transition.
Wilson most recently was president of D.E. Wilson & Associates Inc., a national insurance consulting firm, which he will close prior to taking his new position. The firm provides expertise ranging from general insurance consulting, to advisement on complex rehabilitation and liquidation services. Wilson has also held numerous other prominent positions, including his appointment as supervisor by the Colorado Division of Insurance, and as financial evaluator of Blue Cross Blue Shield of Utica-Watertown in New York.
From 1989 to 1991, Wilson was the senior vice president and chief financial officer of Rocky Mountain Health Care Corporation, a $3 billion claim processing management company for numerous companies and HMOs, including Blue Cross and Blue Shield of Colorado, Blue Shield of New Mexico, Blue Cross and Blue Shield of Nevada, and Rocky Mountain Life Insurance Company. From 1973 to 1989, he served in several managerial positions with Ernst & Young, rising from a staff accountant to become partner in 1986.
Wilson will assume his new role on March 1. This position does require Senate confirmation.