As Sutherland’s Senior Policy Adviser/Insurance, Maureen Emmert Adolf consults with the Firm’s insurance industry clients on the development of strategic approaches to emerging regulatory issues and responses to specific regulatory inquiries.
Maureen joined Sutherland following a 30-year career at Prudential Financial where she was Corporate Vice President and Head of State Government Affairs and Policy Development in the External Affairs Department until her retirement in June 2013. In that role, she managed a staff of regional, corporate and retained lobbyists and other professionals at the state, federal and international levels. Maureen led multiple policy initiatives, developed legislative strategies and engaged in regulatory negotiations, lobbying, coalition building and industry relations. She was involved in meetings regarding Prudential’s designation as a systemically important financial institution (SIFI) with the Financial Stability Oversight Council (FSOC).
During her tenure at Prudential and at a multinational bank before that, she was responsible for directing legislative and political programs, and engaging in state, federal and international regulatory issues. She worked closely with the CEO, Vice Chairman and senior management on key public policy issues, positions, and political strategy and execution.
Maureen’s government affairs career started in the public sector when she served as a Legislative Associate on the staff of the New York State Assembly Speaker. Most recently, Maureen advised clients of a boutique New York insurance law firm, as Senior Vice President, Government Relations.
Maureen has testified and spoken on financial services regulatory reform and other industry issues before public policy makers and industry groups, including The American Council of Life Insurers (ACLI), the National Association of Insurance Commissioners (NAIC), the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA), the National Conference of Insurance Legislators (NCOIL) and others.
Maureen's experience includes:
Developed and executed national regulatory strategies with respect to various matters, including large multistate projects, unclaimed property, broker compensation and complex corporate restructurings.
Coordinated an effort to obtain 50-state approval of a new annuity product, achieving nationwide approval in advance of the target introduction date.
Developed and implemented a plan to satisfy all state regulatory requirements in order to permit Prudential’s demutualization on the effective date of its initial public offering.
Provided regulatory counsel and managed state regulatory approvals for Prudential’s acquisitions and sales of business groups.
Managed resolution of regulatory issues related to Prudential's pension risk transfer deals.
Assisted the insurance industry in establishing a $100 million Hardship Fund to help those policyholders most severely affected by the insolvency of Executive Life of New York.
2014-2015 President, Member of the Board of Directors and Executive Committee and Co-chair of the President’s Circle Strategic Advisory Committee, Financial Women’s Association (FWA) of New York
Founding Member, Government Affairs Professionals (GAP)
Class of 1995, Leadership America
Past Chair, State Legislative Strategy Group; NAIC Relations Subgroup; and Retained Asset Account Working Group and Member, Regulation Modernization Committee; Unclaimed Property Working Group; and Deputies Committee of the Executive Committee of the Board, American Council of Life Insurers (ACLI)
Former Board Member and Vice Chair, National Organization of Life and Health Insurance Guaranty Associations (NOLHGA)
Former Member, Board of Directors, Guaranty Association Benefits Company (GABC)
Former Member Board of Directors, American Tort Reform Association (ATRA)
Former Chair, Industry Education Council (IEC) of the National Conference of Insurance Legislators (NCOIL)
Former Member, Elections Task Force, U.S. Chamber’s Institute for Legal Reform
Former Member, Industry Advisory Committee (IAC) of the Interstate Insurance Product Regulation Commission (IIPRC)
Former Trustee, Citizens Budget Commission of New York