State Insurance Commissioner Thomas B. Leonardi will leave Gov. Dannel P. Malloy’s administration next month to take a job with an investment advisory firm, Malloy’s office announced Wednesday.
Leonardi, who joined the administration just after Malloy took office in 2011, is the second agency head to announce he will not be remaining with the administration for the governor’s second term. Education Commissioner Stefan Pryor announced in August he would be leaving before the end of the year.
Leonardi will depart on Dec. 11 and will take a senior advisor role at New York-based Evercore. Malloy praised Leonardi’s work as commissioner in a press release.
“Thanks to the diligence of Thomas Leonardi’s work in my administration, Connecticut has reclaimed its reputation as the insurance capital of the world, and our international influence has never been higher,” he said.
The press release from Malloy’s office touted Leonardi’s influence on insurance policy in Connecticut, as well as on a federal and international scale. According to a September report in the Hartford Courant, Leonardi travelled often as commissioner, taking more than 115 trips during a three-year period.
Leonardi thanked Malloy “for entrusting me with the responsibility to head the Connecticut Insurance Department over these past four years. We could not have achieved so much on such a global scale without the governor’s extraordinary vision and unprecedented support for me and my department.”
Malloy did not immediately name a replacement for Leonardi.