government relations and public policy
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Government Relations and Public Policy. Skip Braziel Government Relations Counsel May 3, 2013. Presentation Objectives. Provide an overview of MetLife Explain Government Relations/Public Policy’s role within MetLife Describe organizational structure of Government Relations/Public Policy - PowerPoint PPT PresentationTRANSCRIPT
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Government Relations and Public Policy
Skip Braziel
Government Relations Counsel
May 3, 2013
Presentation Objectives
• Provide an overview of MetLife
• Explain Government Relations/Public Policy’s role within MetLife
• Describe organizational structure of Government Relations/Public Policy
• Discuss the variety of issues and resources (both internal and external)
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MetLife Highlights
• This is MetLife.
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Government Relations and Public Policy
The Government Relations and Public Policy Department represents the interests of MetLife before state, federal, and international governments. Through a network of industry and government contacts, as well as active participation in business and trade associations, the staff advocates MetLife's positions on issues and keeps abreast of new legislative and regulatory developments.
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March 2013
Tim Ring, VPAmericas
U.S. Business – State, LatAm
Tim Ring, VPAmericas
U.S. Business – State, LatAm
Mike Zarcone Senior Vice President
Mike Zarcone Senior Vice President
Heather Wingate, VPU.S. - Federal
U.S. Business - Federal
Heather Wingate, VPU.S. - Federal
U.S. Business - Federal
* GRC = Government Relations Counsel
Peter Pastre, VPCorporate & Product
Taxation
Peter Pastre, VPCorporate & Product
Taxation
Janet Howard,Sr. Washington Associate
Health & Non-Tax Retirement Issues, Auto & Home
Janet Howard,Sr. Washington Associate
Health & Non-Tax Retirement Issues, Auto & Home
[Open]Strategy & Planning
[Open]Strategy & Planning
Jim Donnellan, VPFinancial Services
Jim Donnellan, VPFinancial Services
Susan Greenwell, VPAsia/EMEA
Susan Greenwell, VPAsia/EMEA
Larry GreenwoodAsia Head
Larry GreenwoodAsia Head
Diana Keegan, AVP US-Based MENA
Diana Keegan, AVP US-Based MENA
Nancy Davenport, VPUS Business - Life & Health
Insurance Products
Nancy Davenport, VPUS Business - Life & Health
Insurance Products
Joy Chairusmi, GRC* Joy Chairusmi, GRC*
Robert Lynch, VP US Business - Financial
Robert Lynch, VP US Business - Financial
Michael Hickey, GRC*Michael Hickey, GRC*
John Genovese, AVPUS Business –
Domestic Supervision
John Genovese, AVPUS Business –
Domestic Supervision
Clara Cortes Director
Clara Cortes Director
Al PriestSenior GR Associate
Al PriestSenior GR Associate
Skip Braziel, GRC* Skip Braziel, GRC*
Sheila Kenny, GRC* Sheila Kenny, GRC*
John AmaralSenior GR Associate
John AmaralSenior GR Associate
Mariano Gutierrez, AVP Latin America
Mariano Gutierrez, AVP Latin America
[Open], VP US-Based Asia
[Open], VP US-Based Asia
Josh EsterovSenior GR Associate
Josh EsterovSenior GR Associate
Eric DuPont, VPUS Business – Annuities,Auto & Home, Distribution
Eric DuPont, VPUS Business – Annuities,Auto & Home, Distribution
Ann Nicocelli, VPUS-Based EuropeAnn Nicocelli, VPUS-Based Europe
Julianne LeeEMEA Head
Julianne LeeEMEA Head
Malone MaChina
Malone MaChina
Kasia HammerEurope
Kasia HammerEurope
Greg RedmondLESS/Solvency II Greg RedmondLESS/Solvency II
Kate HigginsUK
Kate HigginsUK
Yutaka ChujoJapan
Yutaka ChujoJapan
Randy Clerihue, VPPublic Policy
Randy Clerihue, VPPublic Policy
[Open]Director [Open]Director
[Open]Senior GR Associate
[Open]Senior GR Associate
Chang You ShimKorea
Chang You ShimKorea
Edgars Karklins EMEA
Edgars Karklins EMEA
[Open]India
[Open]India
[Open]Southeast Asia
[Open]Southeast Asia
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Americas (US 50 states/DC/PR)
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State Government Relations – The Americas
• State Government Relations lobbies state executive (specifically insurance departments) and legislative branches
• Each Government Relations Counsel (GRC) has state, client and issue responsibilities.
• We have a client focused approach versus regional approach.
– Team is mostly based in Northeast close to lead executives.
– Work closely with clients to develop policy positions while legislative/regulatory strategy is left to GRC.
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State Coverage
• States are divided into “proactive” and “compliance.” The twenty-three “proactive” states are marked in red.
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Issue Responsibilities
• Each GRC has 1 – 2 key issues.
• Example of issues:
– Life Insurance
– Unclaimed Property
– Corporate Governance
– Tort Reform
– Property / Casualty Insurance
Use of Outside Resources
• Members of State and National Trade Associations
– Life Insurance
– Property / Casualty Insurance
– Dental Insurance
– Securities
• Retained Counsel
– Hired at the discretion of the Government Relations Counsel
– Usually reserved for proactive states
– Based on annual retainer to engage on variety of issues
– Occasionally will engage on discreet issues in compliance states
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US Federal Government Relations
U.S. Federal Government Relations
The U.S. Federal Government Relations team based in Washington, D.C. covers federal legislation that impacts MetLife. MetLife works closely with the House and Senate committees that have jurisdiction over issues of importance to the Company. Staff also works with federal agencies as they generally set public policy and more specifically as they draft regulations that would affect the Company.
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Use of Outside Resources
• Trade Associations
– American Council of Life Insurers
– Property Casualty Insurers Association of America
– US Chamber of Commerce
• Contract Lobbyists
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Issues
• Taxes
• Financial Regulation
• Insurance
• Health Reform
• Trade
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EMEA / Asia and Latin America
EMEA/ASIA and Latin America
• Our non-U.S. government relations team supports the growth of MetLife's international operations by:
– advocating for favorable legal and regulatory regimes;
– facilitating the licensing of new international businesses;
– developing key strategic relationships with government officials, corporate or trade entities, and other influential representatives;
– providing timely market intelligence to senior management and International on key issues impacting the Company's worldwide business; and
– strengthening MetLife's "political brand" around the globe.
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Outside Resources
• Mix of business coalitions and trade associations
– US Chamber of Commerce
– American Council of Life Insurers
– US China Business Council
– US Korea Business Council
– US India Business Council
• Consulting Firms advise on global political, economic and regulatory developments
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Public Policy
Overview of Public Policy
• The new function will “lead the effort to develop and promote policy positions for MetLife on a range of critical issues affecting our business.” The team will “help ensure that MetLife is positioned as the pre-eminent industry thought leader and a respected voice globally on key public policy issues,” and will “maintain a library of global public policy position papers and issue briefs, enabling MetLife executives to engage more effectively in the policy arena.”
• Example:
– Systemically Important Financial Institution (SIFI)
Potential future capabilities
Produce research studies and white papers on macro policy issues to influence public discourse (e.g., MetLife’s views on monetary and fiscal policy, the social safety net, strengthening the middle class, foreign direct investment)
Disseminate relevant material to policymakers, regulators and the media
Sponsor symposia on policy issues of significance to the business in coordination with regional offices, government officials and strategic industry partners
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