Exclusive: Fed hires official to oversee AIG, Prudential

Chicago Tribune: WASHINGTON (Reuters) - The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year.

Thomas Sullivan, who led the Connecticut Insurance Department from 2007 through 2010 and later worked at PricewaterhouseCoopers [PWC.UL], told Reuters he starts as a senior adviser on June 9.

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