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Crediting high-retention rates and strong new-business growth, Marsh & McLennan Companies says first-quarter net income grew by 7 percent from the same period last year.

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 committees first meeting.

Industry leaders comment on topics ranging from a series of tornadoes that struck the Dallas-Fort Worth area, to the Financial Stability Oversight Council approving its final rule on systemically significant non-bank financial institutions.

Industry leaders comment on topics ranging from a series of tornadoes that struck the Dallas-Fort Worth area, to the Financial Stability Oversight Council approving its final rule on systemically significant non-bank financial institutions.

With the inaugural meeting of the Federal Advisory Committee on Insurance now in the record books, it is clear that at least initially, the group's focus will reflect FIO Director Michael McRaiths perspective on broad, global themes.

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

The first meeting of the Federal Advisory Committee on Insurance has been scheduled at the U.S.Treasury Department, even as interested parties await the report to Congress from Treasurys Federal Office of Insurance.

The first meeting of the Federal Advisory Committee on Insurance has been scheduled at the U.S.Treasury Department, even as interested parties await the report to Congress from Treasurys Federal Office of Insurance.