Trade groups representing large insurers and the biggest corporate buyer association are urging the Treasury Department to ensure that the Federal Insurance Office–created under the new financial services reform law–plays a strong role in representing the United States on global insurance issues.
"We believe there is an important role for the federal government with regard to insurance and reinsurance," the letter said.
The letter also asks that the Obama administration appoint someone to head the office "who has the experience and stature necessary to carry out the portfolio that Congress has enumerated for the FIO."
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