Mark Puccia is a managing director of the Financial Services Ratings Group at Standard & Poor’s, overseeing global insurance ratings criteria and quality. As Chief Quality Officer of Insurance Ratings worldwide, he is responsible for establishing insurance rating criteria for property\casualty insurance, reinsurance, life\health insurance, and various international insurance company ratings. Mark established Standard & Poor’s initial ratings of life/health insurers and property/casualty insurers in the United Kingdom, Japan, Canada, Australia and New Zealand. He has been a member of Standard & Poor’s Analytics Policy Board, which sets ratings’ policy for the entire debt ratings division.
In addition to his criteria and ratings quality responsibilities, Mark has taken on analytic product development responsibilities for Standard & Poor’s Financial Services Group. Mark oversees Standard & Poor’s Credit Training Services for financial services companies and has provided credit training to The Federal Reserve, State Insurance Departments, commercial banks, and insurance company management.
Mark is a frequent public speaker and has presented at the American Council of Life Insurance Chief Executive Officer Conference, the Federal Reserve Policy Forum, the Society of Actuaries National Conference, and the Office of the Superintendent of Financial Institutions Canada Annual Conference. Mark has served as an advisor to numerous insurance regulatory task forces including the NAIC Risk- Based Capital Task Force and the NAIC Investment Reserve Task Force. He has also published articles in the Record of the Society of Actuaries and the National Underwriter. Among his achievements, Mark has received Standard & Poor’s President’s award for “Outstanding Achievement in Innovative Development” for developing claims-paying ability ratings.
Mark’s prior work experience includes several years with Chase Manhattan Bank’s insurance lending group arranging multi-million dollar credit facilities for several large insurers. He arranged the first foreign financing for the country’s largest stock-owned diversified financial services institution. He previously served as a senior management analyst with Connecticut General Corp.’s group pension operations.
Mark holds a B.A. in economics from Cornell University and an M.B.A. from the Wharton Graduate School of Business Administration at the University of Pennsylvania.