Bio

Jose Montemayor has over fifteen years of experience in all aspects of insurance regulation and Insurance M&A including six years as the gubernatorially appointed Texas State Insurance Commissioner. Among his accomplishments, Mr. Montemayor launched the Texas FAIR plan, worked with the Texas Legislature to modernize insurance regulation and to address skyrocketing increases in medical malpractice premiums. He was instrumental in creating protocols for the early identification and intervention of companies at risk of insolvency and is credited with many successful company rehabilitation interventions. As a regulator, he was responsible for the licensing, solvency and market conduct of more than 2,000 insurers and health maintenance organizations in the $80 billion a year Texas market. In 2005, Mr. Montemayor and his partners Heidi Hutter and Jay Novik formed Black Diamond Capital Partners; a private equity fund specializing in insurance. Earlier, he served in the US Air Force for 24 years and retired with the rank of Major in 1992. Jose is a member of the Texas Society of Public Accountants, the American Institute of Certified Public Accountants and the Society of Financial Examiners. He is a Director of CNA Financial Corp. (NYSE: CNA), Amerilife Group LLC, Shenandoah Life Insurance Company and President and Director of United Prosperity Life Insurance Company.