Brian Duperreault, president and CEO of Marsh & McLennan Cos., has been named chairman of the Federal Advisory Committee on Insurance (FACI). The announcement was made March 30 by Marsh & McLennan, following the committee's first meeting.

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.

FACI was formed by the U.S. Department of Treasury to provide advice to the Federal Insurance Office (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, along with 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 international insurance-policy issues.

Special Reports /

Duperreault Named Chairman of FACI

Related Stories

Recommended For You