Washington--The American Insurance Association formally named Marc Racicot, who headed the Bush-Cheney re-election campaign, as its new president today.
He succeeds Robert Vagley, who headed the trade group for 19 years. The AIA represents many of the most highly capitalized property-casualty insurers and reinsurers doing business in the U.S. The post is one of the top lobbying jobs in Washington, D.C.--paying more than an estimated $1 million a year.
Mr. Racicot, 57, had returned as a partner in his law firm, Bracewell & Patterson, now Bracewell & Giuliani in Washington, D.C., after stepping down from heading the Bush-Cheney re-election campaign in 2004.
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