Gary Anderson has been appointed chief executive of the National Association of Insurance Commissioners in the United States.

Mr Anderson will begin leading the 153-year-old insurance standard-setting organisation governed by the chief insurance regulators from the 50 US states, the District of Columbia, and five US territories by May 1, after completing his service as the Massachusetts Insurance Commissioner.

“Selecting the next NAIC CEO has been arduous but rewarding,” said NAIC president and Connecticut Insurance Commissioner Andrew Mais. “We were looking for the best fit, and we found it in Gary Anderson.

“Gary’s dedication to our state-based system of insurance regulation and his insurance expertise are top notch. We look forward to his leadership as we navigate the complexities of regulating the insurance sector and deliver on our mission to protect consumers.”

Mr Anderson said: “I have been fortunate to serve the Massachusetts insurance-buying public under three governors: Deval Patrick, Charlie Baker, and now Maura Healey.

“Throughout my career in public service, I have been rewarded with valuable experiences, new and lasting connections, and opportunities to contribute to a greater good.

“I am excited to embark on the next adventure as CEO of the NAIC, supporting the state-based system of insurance regulation. Thank you to the NAIC members for the trust and faith you have placed in me.”