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Marsh & McLennan CEO Dan Glaser Named Chairman of The Federal Advisory Committee on Insurance

August 4, 2014 at 10:00 AM EDT

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NEW YORK, August 1, 2014 — Marsh & McLennan Companies, Inc. (NYSE: MMC) announced today that President and CEO Dan Glaser has been named Chairman of the Federal Advisory Committee on Insurance (FACI). Mr. Glaser’s appointment was announced today by Federal Insurance Office (FIO) Director Michael McRaith.

FACI was formed by the U.S. Department of Treasury in 2011 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. FACI comprises insurance industry experts from business, academia, and consumer advocacy groups, as well as State insurance regulators.

“I am honored to have been asked to chair the Federal Advisory Committee on Insurance,” said Mr. 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.”

Mr. Glaser is a 32-year veteran of the insurance industry; he began his career as a broker at Marsh in 1982. Prior to assuming his current role at the beginning of 2013, he was Group President and Chief Operating Officer of Marsh & McLennan Companies from April 2011. Before that, Mr. Glaser served as Chairman and Chief Executive Officer of Marsh Inc. He rejoined Marsh in December 2007, after serving in key leadership positions in commercial insurance and insurance brokerage in the United States, Europe, and the Middle East.

About Marsh & McLennan Companies

MARSH & McLENNAN COMPANIES (NYSE: MMC) is a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. Marsh is a global leader in insurance broking and risk management; Guy Carpenter is a global leader in providing risk and reinsurance intermediary services; Mercer is a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman is a global leader in management consulting. With annual revenue exceeding $12 billion, Marsh & McLennan Companies' 55,000 colleagues worldwide provide analysis, advice, and transactional capabilities to clients in more than 130 countries. The Company prides itself on being a responsible corporate citizen and making a positive impact in the communities in which it operates. Visit www.mmc.com for more information.