Biography of John G. Franchini
The New Mexico Public Regulation Commission (PRC) appointed John G. Franchini as
Insurance Superintendent July 27, 2010.
During the 2013 legislative session, legislation effectuating a Constitutional Amendment
passed in the 2012 general election (HB 45) removed the insurance division from
the PRC and created a stand-alone agency, The Office of Superintendent of Insurance
(OSI). This was effective July 1, 2013.
This legislation also created a nominating committee for the position of the Superintendent
of Insurance. The nomination committee unanimously re-confirmed John G. Franchini
to continue in his capacity as Superintendent for the state New Mexico.
Franchini has more than 35 years’ experience in the insurance industry. He “temporarily”
joined Consolidated Agency, his father’s independent insurance agency, while attending
graduate school at the University of New Mexico. Ten years later, he purchased the
business and expanded it to four locations, employing 82 people and servicing nearly
15,000 customers. During that time, he served on the New Mexico Workers’ Compensation
Assigned Risk Pool Board of Governors, the Patient Compensation Administration Board
of Directors, and was elected president of the Independent Insurance Agents of New
Mexico. In 1998, Poe & Brown, a national insurance broker, purchased the business.
Franchini was named vice president, and his responsibilities included new business
production, development of specialized insurance programs, and agency acquisitions.
Franchini joined New Mexico Mutual in 2002 and was eventually named vice president
of government and industry affairs. At New Mexico Mutual, he worked with state legislators,
members of regulatory agencies and insurance agents to strengthen the company’s
financial and public standing.
He is also a member of the Leadership New Mexico Class of 2007, former board member
of the Rocky Mountain Insurance Information Association and past president of the
New Mexico Insurance Association.
Franchini is a native New Mexican and a graduate of Creighton University in Omaha,