Michael Consedine, former chief executive officer of the National Association of Insurance Commissioners, has joined Athene Holding Ltd, the Bermudian-based financial services company, as executive vice president, head of US government and regulatory relations.

Mr Consedine reports to John Golden, who has been named executive vice president, global head of insurance regulation for Apollo and Athene.

These new roles will advance Athene’s external engagement and growth strategies, the company said.

Joe Cohen has been named executive vice president and general counsel for Athene, a role previously held by Mr Golden. Mr Cohen was previously group deputy general counsel for Athene.

Jim Belardi, chief executive officer, Athene, said: “Over the past decade, we have grown Athene into the leading retirement services company, as well as one of the best-capitalised financial services companies in the world.

“Today, we have an opportunity to collaborate with regulators and stakeholders to move our industry forward by promoting retirement savings and ensuring the regulatory environment allows consumers to benefit from principal protected products.

“We are pleased to welcome Mike and look forward to him advancing these efforts with John.

“The need for financial security is ever increasing and John, Mike and Joe will be pivotal to our continued growth.”

Mr Consedine said: “I’m excited about contributing to Athene’s global strategic vision, focusing on retirement income in the US and ensuring that our state-based insurance system remains world-class and tailored to the unique need of the US market and consumers.

“In this role, I will work with a range of stakeholders to shape the future of the industry and help them better understand the substantial solutions that Athene brings to the retirement crisis.”

Mr Consedine has spent his career in the insurance industry as an attorney, regulator and executive. Serving as CEO of NAIC from 2017 until 2023, he focused on strategic planning, policy development, and implementation in the areas of state, federal, and international affairs and relations.

He was named to the executive committee of the International Association of Insurance Supervisors in 2019.

Prior to the NAIC, Mr Consedine served as the global head of government and policy affairs at Aegon and prior to that as the insurance commissioner for the Commonwealth of Pennsylvania from 2011 to 2015.