Filed Under:Agent Broker, Agency Management

Duperreault Named Chairman of FACI

NU Online News Service, March 2, 3:22 p.m. EDT

Brian Duperreault, the president and chief executive officer of Marsh & McLennan Companies, was named chairman of the Federal Advisory Committee on Insurance.

The announcement was released by Marsh & McLennan on Friday after the committee’s first meeting.

The FACI was formed by the U.S. Department of Treasury to provide advice to the FIO, which was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Appointments to the 15-member FACI, the first such committee of its kind in U.S. history, were announced by the Treasury late last year.

FACI comprises insurance industry experts from business, academia, and consumer advocacy groups, as well as seven State insurance regulators.

The committee is to meet several times a year to develop recommendations that will aid FIO in carrying out its duties and authorities. FIO monitors all aspects of the insurance industry and advises the Secretary of the Treasury on major domestic and prudential international insurance policy issues.

“I am honored to have been appointed chairman of the Federal Advisory Committee on Insurance, and look forward to working with my fellow members to help the Federal Insurance Office serve the public with informed recommendations on issues facing the industry,” says Duperreault in a statement.

Duperreault has close to 40 years of experience in the insurance industry. He has held top leadership roles at the industry’s most prominent firms. Prior to his current role, he was CEO of ACE Ltd. and a member of that company’s board.

He also served in senior executive positions with AIG and its affiliates. In 2011, he was inducted into the International Insurance Society’s Hall of Fame.

Top Story

2014 has become the year of the auto recall, and the numbers are staggering

It’s been a record-setting year for automakers, but not in a good way.

CE & Training

One Low Price for Complete Access to All Courses

Choose from National Underwriter's complete library of courses available in your state to get the credits you need quickly and affordably. Take advantage of the Open Pass Package for only $49. Click here to start your training today!

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone
         

Advertisement. Closing in 15 seconds.