For Immediate Release:
SAINT PAUL, MN – Commerce Commissioner Mike Rothman announced a recent change to the Minnesota Department of Commerce leadership team.
“I am pleased to announce the promotion of Tim Vande Hey to Deputy Commissioner of the Insurance Division for the Commerce Department,” said Commissioner Mike Rothman. “With his extensive experience in insurance regulation - from mergers and acquisitions, to examinations, liquidations, and rehabilitations – Tim’s leadership at the Commerce Department is an asset to Minnesota consumers and the insurance industry.”
Deputy Commissioner Tim Vande Hey
Commissioner Rothman has promoted Tim Vande Hey in his leadership role at the Commerce Department’s Insurance Division to Deputy Commissioner. Vande Hey was first appointed Assistant Commissioner in April 2012, and prior to his appointment, served the Wisconsin Office of the Commissioner of Insurance for 14 years, including ten years as an advanced insurance financial examiner and four years as special assistant deputy rehabilitator.
Deputy Commissioner Vande Hey oversees all functions of financial regulation of insurers in Minnesota, including financial analysis, field examinations, actuarial and insurance company licensing. The Insurance Division also provides organizational oversight of domestic insurers and their holding companies.
Vande Hey brings significant regulatory experience to the Insurance Division, with extensive experience in mergers, acquisitions, licensing, liquidations, and rehabilitation. He has served as chair of the National Association of Insurance Commissioners (NAIC) Financial Analysis Handbook Working Group and Financial Analysis Research and Development Working Group. Vande Hey has a Bachelor of Science degree from Edgewood College in Madison with a double emphasis in Accounting and Business.