During the Federal Advisory Committee on Insurance’s (FACI) first meeting today, Federal Insurance Office (FIO) Director Michael McRaith unveiled the committee’s first chairman—Marsh & McLennan Companies Inc. President and CEO Brian Duperreault.
FACI comprises insurance industry experts from business, academia and consumer advocacy groups, as well as seven state insurance regulators.
Duperreault will lead the 15-member committee established to provide advice to the FIO, which was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“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,” Duperreault said in a statement.
In addition to his time at Marsh & McLennan, Duperreault’s 40-year career includes executive roles at ACE Limited and AIG and its affiliates. In 2011, he was inducted into the International Insurance Society’s Hall of Fame.
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