Banking and Insurance Department Commissioner Tom Considine left his post effective Feb. 10, New Jersey Gov. Chris Christie announced on January 30.
Considine plans to return to work in the private sector, according to Insurance Journal. He will become the new chief operating officer of MagnaCare in March, after leaving the NJ Banking and Insurance Department. MagnaCare is a health plan management company. At a news conference in Trenton, NJ, Gov. Christie also nominated Ken Kobylowski to succeed Commissioner Considine. Kobylowski has served as chief of staff to Considine since 2010, and acting director of banking since last October.
Considine served as a vice president with MetLife legal affairs for 17 years prior to serving as NJ commissioner. Considine also previously served as a litigation associate at Connell, Foley and Geiser, a New Jersey law firm.