(Washington, DC) — William P. White begins his tenure today as the new Acting Commissioner for the District of Columbia Department of Insurance, Securities and Banking (DISB). Appointed February 4 by Mayor Vincent C. Gray, he awaits confirmation by the Council of the District of Columbia.
“I am extremely humbled by the confidence Mayor Gray has placed in my abilities by allowing me the opportunity to lead such a dynamic financial-services regulatory agency in a financially vibrant and exciting city,” said Acting Commissioner White, who headed DISB’s Captive Insurance Division from 2003 to 2004. “I look forward to serving the residents of the District of Columbia and working with the business community. I will reconnect with my former colleagues as I assess the department to see how best to use our capabilities and make improvements for the advancement of agency services.”
Acting Commissioner White is a seasoned insurance and risk-finance professional with broad experience as a corporate officer with industry-leading firms in insurance and reinsurance, and high-level positions with government regulatory agencies. Since 2003, he has been a consultant with Prism Strategies, where he specialized in developing alternative risk transfer transactions and captive insurance entities for businesses, and domicile development including market coordination and regulatory strategies for government agencies. Acting Commissioner White has a bachelor’s from Dartmouth College, an MBA from New York University, and an Associate in Reinsurance designation from the Insurance Institute of America.
Acting Commissioner White follows outgoing Commissioner Gennet Purcell who was appointed by former Mayor Adrian M. Fenty. She served in that position from August 2009 until February 2011. Before Commissioner Purcell, DISB was led by Commissioner Thomas E. Hampton from 2005 to 2009 and Commissioner Lawrence H. Mirel from 1999 to 2005.