Jose Montemayor joined Black Diamond Capital Partners on June 1, 2005, following twelve years at the Texas Department of Insurance, including six as State Insurance Commissioner. Among his accomplishments, Mr. Montemayor launched the $130 million per year 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 Associate Commissioner for Finance and later as Commissioner, he was responsible for the licensing, solvency and market conduct of more than 2,000 insurers and health maintenance organizations in the $85 billion per year Texas market. He is a member of the Texas Society of Certified Public Accountants, the American Institute of Certified Public Accountants and the Society of Financial Examiners. |