FTI Consulting Strengthens Global Insurance Services Practice with Senior Hire

Company Expansion and Leadership - FTI Consulting expands its Global Insurance Services practice with the appointment of Maria Filipakis as a Senior Managing Director within the Forensic and Litigation Consulting segment [1] - Maria Filipakis brings nearly two decades of experience in government roles, including as a litigator, enforcement lawyer, and regulator in securities, banking, and insurance [2] - She previously served as the first Executive Deputy Superintendent of the Capital Markets Division at the New York State Department of Financial Services, leading the development of pioneering regulations in cybersecurity and digital currencies [3] Expertise and Role at FTI Consulting - Maria Filipakis will support clients in the financial services industry with regulatory, compliance, claims challenges, risk management, due diligence, and financial analysis [4] - Her diverse background in insurance and cybersecurity will help clients address a wide range of compliance and regulatory challenges [4] - Prior to joining FTI Consulting, she co-founded and served as a Managing Partner at the Topside Group, focusing on strategic and regulatory matters in securities, insurance, banking, cybersecurity, and digital currencies [5] Industry Trends and Client Needs - The insurance industry has seen a shift in recent years due to emerging risks related to artificial intelligence, compliance, regulation, and litigation [5] - FTI Consulting professionals combine industry expertise with technical acumen to guide clients through these evolving challenges [5] - Businesses are reassessing risk management approaches amid a challenging regulatory landscape and advancements in artificial intelligence [6] Company Overview - FTI Consulting is a global business advisory firm with over 8,000 employees across 33 countries and territories, helping organizations manage change, mitigate risk, and resolve disputes [7] - The company generated $3.49 billion in revenues during fiscal year 2023 [7] - FTI Consulting provides services through distinct legal entities in certain jurisdictions, which are separately capitalized and independently managed [7]