NU Online News Service, July 21, 3:01 p.m.EDT

Officials of Chubb and Liberty Mutual and consumer advocateBirny Birnbaum are among 15 people named today to the TreasuryDepartment's Federal Advisory Committee on Insurance.

An official at Lloyd's was named the internationalrepresentative.

Also among those named were seven insurance regulators: thecommissioners of New York, Connecticut, Pennsylvania, the Districtof Columbia, Virginia, Montana and Oregon.

The committee will provide advice to the Treasury's FederalInsurance Office, which was established as part of the Dodd-Frankfinancial services reform law, on issues related to theresponsibilities of the office.

Michael McRaith, FIO director, says “These individuals havetremendous knowledge about the insurance industry and a widecross-section of experience.”

Leigh Ann Pusey, president and CEO of the American InsuranceAssociation, says, “The newly appointed members of the FederalAdvisory Committee on Insurance represent a good balance betweenprivate-sector and regulatory expertise.”

Property and casualty company representatives are ChristopherMansfield, senior vice president and general counsel of LibertyMutual Group, Boston; and John Degnan, senior advisor to the CEO ofthe Chubb Corporation, Warren, N.J. and former chief operatingofficer of the company.

Property and casualty agent and broker representatives includeBrian Duperreault, president and CEO of the Marsh & McLennanCompanies, New York; and Loretta Fuller, CEO of Insurance SolutionsAssociates, Landover, Md.

Sean McGovern, a director and general counsel of Lloyd's NorthAmerica, is the international representative on the panel.

McGovern is based in London, but maintains an office in NewYork

Charles Landgraf, a partner at Dewey & LeBoeuf, inWashington, which represents Lloyd's in the U.S., says “SeanMcGovern brings exceptional qualifications and an importantinternational perspective to the appointment.”

He adds, “With his 15 years of experience at Lloyd's andhis position as the director of North America for 10 years aswell as general counsel of Lloyd's, Sean has keeninsight into the U.S. market and no one understandsbetter the appropriately global nature of ultimate risktransfer.”

Birnbaum, based in Austin, Texas, is an economist andexecutive director of the Center for Economic Justice.

Representing the life-insurance industry will be will be MichaelE. Sproule, New York Life Insurance Company executive vicepresident and chief financial officer.

Also on the committee is Scott E. Harrington, a professor in theHealth Care Management and Insurance and Risk Managementdepartments at the Wharton School, University of Pennsylvania,Philadelphia.

Regulator representatives are Benjamin Lawsky, New Yorksuperintendent of Financial Services; Thomas Leonardi, Connecticutcommissioner; Michael Consedine, Pennsylvania commissioner;Jacqueline Cunningham, Virginia commissioner; Bill White, Districtof Columbia commissioner; Monica Lindeen, Montana Commissioner ofSecurities and Insurance and State Auditor; and Theresa Miller,administrator of the Oregon Insurance Division.