Kim Cross has been promoted to acting deputy commissioner for Supervision at the Iowa Insurance Division, as Jim Armstrong, longtime deputy commissioner for Supervision, has retired after more than 35 years at the division.
Cross joined the Iowa Insurance Division in 1989. In her new role, she will be responsible for overseeing the company regulation bureau’s 50 employees, implements group supervision for internationally active insurance groups, coordinates and participates in supervisory colleges, leads review of all mergers, acquisitions, administrative or judicial supervision and other material changes in corporate organization.
Cross has served as chief examiner since 2016. As chief examiner, Cross was responsible for financial examination and financial analysis of insurers licensed in Iowa. Prior to her appointment as chief examiner, Cross served as assistant chief examiner and company regulation counsel with the Iowa Insurance Division.
Cross has extensive experience involving mergers, acquisitions, group supervision and liquidation of insurance companies. She represents Iowa on numerous NAIC task forces and working groups including the NAIC Receivership and Insolvency Task Force and Model Law Working Group. Cross currently serves as secretary of the Iowa Insurance Hall of Fame.
The Iowa Insurance Division announced it is adding a new position to its leadership team – chief accounting specialist that will focus on statutory accounting. Individuals interested in learning more or applying for the chief accounting specialist position are encouraged to do so online at: https://www.governmentjobs.com/careers/iowa/jobs/2672671/chief-accounting-specialist.
Source: Iowa Insurance Division
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