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Covington Takes the Lead at The Surety & Fidelity Association of America

December 18, 2018

The Surety & Fidelity Association of America (SFAA) welcomed Lee Covington as its new president on October 1, 2018. Covington replaces President Emeritus Lynn Schubert, who retires from the SFAA on December 31 after leading the association for more than 20 years.


On December 6, Merchants Bonding President and SFAA Board Chair Larry Taylor toasted Lynn for her leadership and highlighted just a few of her accomplishments, including:

  • moving the SFAA headquarters to Washington D.C. and making the SFAA the pre-eminent resource for policy makers;
  • becoming founding member of the International Surety Association;
  • pioneering the utilization of data, providing invaluable statistical reporting and data analysis for member organizations; and
  • forging partnerships with other organizations, expanding outreach and education, and leading efforts for diversity and inclusion.


“Lynn Schubert has represented our industry with integrity, knowledge and passion. Garnering the respect of national and local governing leaders, fellow associations and industry representatives across the country. She is a class act and we could not be more grateful for her service,” said Larry Taylor.


And with that, Lynn passed the baton to Lee Covington to take the lead as the new president of the SFAA.


“It is an honor to become President of the SFAA and I welcome the opportunity to lead the organization as it continues to achieve its mission and seize new opportunities to expand the use of the valuable products and services offered by the association’s members,” said Covington.


Prior to joining the SFAA, Covington was the Senior Vice President, Governmental Affairs and General Counsel for the Insured Retirement Institute, a position he held since 2009, leading its legislative and regulatory initiatives at both the federal and state levels. His focus on insurance law began in 1993 in Little Rock Arkansas, where he rose to become the deputy commissioner of the Arkansas Insurance Department. Covington hones his leadership skills as the Director of the Ohio Department of Insurance from 1999 to 2002, where he served on the Executive Committee of National Association of Insurance Commissioners, and then moved positions of influence on the national stage in Washington, D.C.