Acting New jersey Gov. Richard J. Codey on Friday appointed Donald Bryan, director of the state’s Division of Insurance, to head the state Department of Banking and Insurance.
The Burlington County resident will replace Holly Bakke, who resigned as the department’s commissioner after three years.
By appointing an acting commissioner, Codey bypasses the need to have the state Senate sign off on his choice for the job. The appointment is effective March 1.
Bryan has been with the department since 1982 and has served as the insurance division’s director since 1999.
Bryan previously served as acting commissioner from October 2001 to February 2002, just before Bakke was appointed by then-Gov. James E. McGreevey.
Codey said he considers Bryan’s working knowledge of the department’s many functions to be an important asset.
“Don Bryan’s long experience with the Department of Banking and Insurance will ensure an immediate transition of leadership and assure the stability of this important regulatory agency. I am proud to welcome him to his new post,” Codey said.
Bryan said, “I look forward to building on our department’s great success. I will continue the progress we have made on creating a competitive insurance marketplace for providers and customers; and will continue our regulation of the state’s financial institutions and real estate industry. I am very grateful for this opportunity.”
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