Eric Dinallo

Partner

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New York

Tel: +1 212 909 6565

Overview

Eric Dinallo is Chair of the firm’s insurance regulatory practice and a member of its Financial Institutions and White Collar & Regulatory Defense ... Read Full Biography

Experience

- A foreign bank in New York Department of Financial Services enforcement matters.

Education

New York University School of Law, 1990, J.D.
Duke University, 1987, M.A.
Vassar College, 1985, B.A.

Eric Dinallo is Chair of the firm’s insurance regulatory practice and a member of its Financial Institutions and White Collar & Regulatory Defense Groups in New York.Mr. Dinallo is a broad-gauged financial services lawyer who focuses on developing and executing regulatory strategies for clients involved in transactions in the insurance sector. He also counsels financial institutions, including banks and insurers, facing investigations or enforcement actions from insurance regulators, state attorneys general and prosecutors.Mr. Dinallo is recommended by Who’s Who Legal (2024). He is also a recognized practitioner for Insurance: Non-Contentious in The Legal 500 US (2024), where clients say he is “amazing.” He has been recognized by Chambers USA for Insurance: Transactional & Regulatory both in New York and Nationwide, and for Insurance: Dispute Resolution – Insurer in New York.Mr. Dinallo has a broad range of public and private sector experience. Most recently, he served as the Executive Vice President and General Counsel at Guardian Life Insurance Company of America, where he led the company’s legal, regulatory, compliance and government relations functions as well as its corporate governance activities. Under his leadership at Guardian, his department was recognized as the “Best Overall Governance for a Private Company” by Corporate Secretary Magazine and was also the sole finalist for Corporate Counsel Magazine’s “Best Legal Department”. Prior to his time at Guardian, Mr. Dinallo was a partner at Debevoise for seven years (2010–2017). Earlier in his career, he served as the New York State Superintendent of Insurance (2007–2009), where he led the department to become a national model on insurance regulation and a respected voice on the industry’s role in the financial system. Mr. Dinallo worked with the United States Treasury Department, the Federal Reserve Bank of New York and others in the restructuring of financial services giant AIG, for which he was named a “Dealmaker of the Year” by The American Lawyer in 2009. He earned national acclaim for leading successful negotiations between developers and insurance companies over the World Trade Center site, and in 2008 he received the “Esprit de Corps Award” from the National Association of Insurance Commissioners for accomplishments as an “ambassador for state-based insurance regulation.” Prior to his term as Superintendent, Mr. Dinallo was the General Counsel of Willis Group Holdings (2006–2007), supervising the legal, compliance and internal audit departments. He was the Managing Director, Global Head of Regulatory Affairs of Morgan Stanley (2003–2006), where he designed and led top-to-bottom reviews of conflicts and business practices and achieved major shifts in the firm-wide regulatory strategy. Mr. Dinallo served as Chief of the Investor Protection Bureau in the Office of Attorney General Eliot Spitzer (1999–2003). He also served as an Assistant District Attorney in the New York County District Attorney’s office (1995–1999), where he had primary responsibility for securities fraud and white collar and insider trading investigations and trials. Mr. Dinallo has spent significant time in public service. He was a primary election candidate for New York State Attorney General in 2010. During the campaign, Mr. Dinallo received endorsements from Crain’s New York Business and the New York Daily News and was lauded for his performance in The New York Times/NY1 News primary debate. Following the election, he served as Co-Chair of the Economic Justice transition committee for New York Attorney General Eric Schneiderman. Previously, he served as Co-Chair of the Criminal Justice transition committee for Andrew Cuomo in 2006. Mr. Dinallo has testified over a dozen times before the Financial Crisis Inquiry Commission, state legislators and committees of both houses of Congress on credit default swaps, the restructuring of AIG, long-term health care, bond insurance and terrorism insurance, among other issues.In September 2009, Mr. Dinallo joined the New York University Stern School of Business as the Henry Kaufman Visiting Professor of Finance and taught professional responsibility as an adjunct professor on markets, ethics and the law. Mr. Dinallo is the author of numerous articles including: “The NYDFS Plans to Impose Significant Obligations on Insurers Using AI or External Data,” NYU PCCE (February, 2024); “The Final Colorado AI Insurance Regulations: What’s New and How to Prepare,” NYU Compliance & Enforcement (October, 2023); “The Revised Colorado AI Insurance Regulations: What Was Fixed, and What Still May Need Fixing,” NYU Compliance & Enforcement (June, 2023); “Colorado Draft AI Insurance Rules Are a Watershed for AI Governance Regulation,” NYU Compliance & Enforcement (February, 2023); “Debevoise & Plimpton’s 2022 Year-In-Review and Outlook for 2023: Insurance Coverage Disputes and Trends,” Law.com (January, 2023); “California Restricts Insurers’ Use of AI and Big Data,” NYU Compliance & Enforcement (July, 2022); “Debevoise & Plimpton Expects More New York Regulatory Enforcement of Banking and Financial Services,” Columbia Blue Sky Blog (September, 2020); “Defending Clients in Attorney General, Department of Financial Services, and District Attorney Investigations and Enforcement Actions,” Defending Corporations and Individuals in Government Investigations (Thomson Reuters, 4th Edition, 2017–2018); “Expect State Regulators to Get More Aggressive Under Trump,” American Banker (November, 2016); “New York State Department Of Financial Services Expands Its Cyber Focus To Insurers,” FC&S Legal (April, 2015); “CFPB May Look To NY For Its Own Debt Collection Rules,” Law360 (January, 2015); “Citing Private Equity Concerns, New York Department of Financial Services Proposes Increased Scrutiny and Disclosure for Acquisitions of New York Domestic and Commercially Domiciled Insurers,” FC&S Legal (June, 2014); and “Report on the NAIC 2014 Spring National Meeting,” FC&S Legal’s “Eye on the Experts” blog (April, 2014).Mr. Dinallo received his B.A. in Philosophy in 1985 from Vassar College and his M.A. in 1987 from Duke University School of Public Policy. Mr. Dinallo earned his J.D. from New York University in 1990, where he was Review and Essay Editor of the New York University Law Review. He clerked with the Hon. David M. Ebel of the U.S. Court of Appeals, Tenth Circuit in Denver (1990–1991). Mr. Dinallo is Chair of the American Institute for Stuttering. Eric R. Dinallo律师是本所纽约分所的合伙人，为金融机构业务团队的成员。Dinallo律师代表的客户涉及整个金融服务行业的各个领域，他就众多事务提供法律建议及接受法律事务委托，包括政府和内部调查、执行程序、诉讼与合规事项，及保险监管审批，并就兼并、收购及其它公司交易提供战略性建议。Dinallo律师被2017年《钱伯斯美国》列为纽约乃至全美“保险：交易和监管”领域公认的优秀律师。此前他曾被誉为纽约“保险：争议解决 – 保险公司”领域之公认的优秀律师。同时他还被2017年《美国法律500强》评为“保险：给保险公司的建议”类别的公认优秀律师。Dinallo律师具有丰富的公职和私人执业经验。他曾担任纽约州保险监督官（2007年-2009年），在他的领导下，该部门成了美国保险监管的全国模范，为保险业在金融系统赢得了尊重。Dinallo律师曾与美国财政部、纽约联邦储备银行和其他方合作，为金融服务业巨头AIG的重组提供服务，为此，他在2009年被《美国律师》杂志评为“年度最佳交易人”。他曾经成功主导开发商和保险公司之间就世贸中心争议进行的谈判，并因此获得全美国的赞誉；2008年，他因为工作出色，被誉为“州保险监管大使”并获得美国保险监督官协会颁发的“团体精神奖”。在担任保险监督官之前，Dinallo律师是Willis Group Holdings的总法律顾问（2006年-2007年），负责监督法务、合规及内部审计部门。他曾经担任摩根士丹利监管事务部董事总经理和全球主管（2003年-2006年），期间设计并领导了自上而下的冲突和业务实践审查，并取得了整个公司监管战略的重大转变。Dinallo律师曾担任总检察长Eliot Spitzer办公室的投资保护局局长（1999年-2003年）。他还曾担任纽约郡地方检察官办公室的助理地方检察官（1995年-1999年），主要负责证券欺诈、白领犯罪和内幕交易案件的调查及审理。Dinallo律师曾担任过很长时间的公职。他是2010年纽约州总检察长初选候选人。竞选期间，Dinallo律师受到Crain’s New York Business和New York Daily News的支持，他在The New York Times/NY1 News的首场辩论中的表现亦受到称赞。此后，他担任过纽约州总检察长Eric Schneiderman的经济公正过渡委员会（Economic Justice transition committee）的联合主席。之前，他还在2006年担任Andrew Cuomo的刑事公正过渡委员会（Criminal Justice transition committee）的联合主席。Dinallo律师曾多次在金融危机质询委员会、州立法机构以及国会两院的委员会就信用违约掉期、AIG重组、长期医疗保健、债券保险和恐怖主义保险等问题作证。2009年9月，Dinallo律师以亨利•考夫曼金融访问教授的身份加入纽约大学斯特恩商学院。他目前作为兼职教授讲授关于市场、道德及法律领域的职业道德守则。Dinallo律师撰写了许多文章，包括：“在特朗普州政府领导下预计州监管机构将更活跃”，《American Banker》（2016年11月）；“纽约州金融服务部将其网络焦点扩展至保险公司”，《FC&S Legal》（2015年4月）；“CFPB或就债务追收规则参考纽约做法”，《法律360》（2015年1月）；“引用私募股权相关因素，纽约州金融服务部提议对纽约洲及商业注册在纽约的保险公司增加审查和披露力度”，《FC&S Legal》（2014年6月）；以及“NAIC 2014年春季全国会议报告”，《FC&S Legal之“关注专家”博客》（2014年4月）。Dinallo律师于2010年加入德普。他在1985年获得瓦萨尔学院哲学学士学位，1987年获得杜克大学公共政策学院硕士学位。Dinallo律师于1990年获得纽约大学法学博士学位，曾担任《纽约大学法律评论》评述和论文编辑。他曾担任美国上诉法院丹佛第十巡回法庭David M. Ebel法官的书记员（1990年-1991年）。Dinallo律师同时也是美国语言失调疗治协会董事。

Eric Dinallo

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