Former Arkansas Insurance Commissioner joins Egan-Jones board of directors

Egan-Jones Ratings Company (Egan-Jones), which provides private placement ratings, has announced the addition of Alan McClain, former insurance commissioner of Arkansas, to its Board of Directors. 

Egan-Jones said that with more than three decades in the insurance industry, McClain brings deep expertise, strategic vision and regulatory oversight to the Egan-Jones Board, where his guidance will play a crucial role in shaping the company's future.  

“Alan's extensive experience in the insurance industry and strong background in a regulated environment make him an invaluable addition to our Board,” said Sean Egan, chief executive of Egan-Jones Ratings Company. “We look forward to the guidance and leadership he will bring to help shape the future of our company.”

McClain has held several senior roles in the insurance industry, most recently serving as Arkansas's 24th insurance commissioner since his appointment by Governor Asa Hutchinson in 2020. Prior to that, McClain served for five years as commissioner of Arkansas Rehabilitation Services. His deep understanding of public policy, insurance regulation and organisational governance positions him as a valuable asset to the Board, the company said.

“Egan-Jones' strong track record is what makes them stand out in the marketplace,” said Alan McClain. “It's why I couldn't be more excited and honoured to serve on the Board of Directors at Egan-Jones Ratings Company.”

The addition of Alan McClain to the Egan-Jones Ratings Company Board underscores the firm's continued commitment to excellence and regulatory compliance, it said. With the growth of the private debt markets, McClain adds expertise to the Egan-Jones Board that is designed to ensure its ability to continue to be a leader in the private debt market. As Egan-Jones continues to grow and evolve, this appointment reflects the dedication to strengthening governance and reinforcing its position as a trusted voice in financial ratings.

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