Michael McRaith, director of the Federal Insurance Office in the Treasury Department, has been named to head the Technical Committee of the International Association of Insurance Supervisors (IAIS), the group's influential policy-developing body.

His election took place at a meeting in Singapore last week.

He succeeds Swiss citizen Monica Mächler, who retired.

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Elizabeth Festa

Elizabeth Festa is a longtime business and financial services reporter with a specialty in insurance regulatory and legislative coverage at the federal and state level. She is based in Washington, D.C.