Marsh & McLennan CEO named FACI chairman

Dan Glaser, president and CEO of Marsh & McLennan Companies, has been named chairman of the Federal Advisory Committee on Insurance (FACI).

Formed by the US Department of Treasury in 2011, FACI encompasses insurance industry experts from business, academia, and consumer advocacy groups, as well as state insurance regulators.

It aims to provide advice to the FIO, which was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The committee’s charter was extended in 2013.

“I am honoured to have been asked to chair the Federal Advisory Committee on Insurance,” says Glaser. “The committee is presented with a number of important domestic and international policy matters, and I look forward to working with director McRaith and my fellow members to address these important issues on behalf of our industry and the public.”