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Plans 2,700 job cuts with an estimated two-year savings of $420 million. Of those 2,700 cuts, 1,100 are planned to be moved offshore or turned over to outsourcing. >> Aon is also considering consolidation and simplification of European operations with possible shared service functions and outsourcing of duties. www.aon.com

Acquires London American General Agency, a managing general agency and program underwriter based in San Diego. It specializes in commercial transportation. www.amwins.com

Agrees to buy Cedar Hill Insurance Agency, a retail and property insurer based in Scottsdale, Ariz., which specializes in workers comp for professional employer organizations and temp companies. >> Also acquires BIS Insurance Services in Sacramento, Calif., an employee benefits broker. www.ajg.com

Buys commercial and p-c assets of Lloyd Bennett & Co. in Georgia, which allows for a transfer of some operations. The Lloyd Bennett staff, formerly based in Duluth, Ga., joins Brown & Brown’s existing Atlanta-area office, and the Atlanta retail office will now operate from the Duluth location. >> Brown also acquires Independent Insurance Associates, a New Orleans commercial p-c agency. The agency will continue operating from its location as a standalone Brown & Brown unit. >> PRM Group is bought by a Brown & Brown subsidiary and will continue to operate from its Purchase, N.Y., location. www.bbinsurance.com

Three offices get new managers: Michael Ehrhardt in St. Louis and Kansas City, Kan.; Kenneth Lyon in Sacramento and Modesto, Calif.; and Richard Trippe in Baltimore. www.burnsandwilcox.com

EPIC opens new Program Group in recently established San Ramon, Calif., office. Seth Madnick, senior v.p., leads the Program Group.

Testing new product for capital markets investors that allows insurers and reinsurers to hedge the risk inherent in their long-tail exposures. It is supposed to help restore some stability to risk environments that are most affected by unpredictable changes in unforeseen, adverse developments in liability lines. >> GCFac, Guy Carpenter’s global facultative reinsurance unit, names Jon Parker senior v.p. and leader of the Latin American team in London, and Paula Smith senior v.p. and head of terrorism practice in London. >> GCFac also names its global co-leaders, who will retain their regional duties: Mark Newman, who will continue to manage Asia Pacific, London and Continental Europe business; Hugh Powell, who retains responsibility for Latin America and the Caribbean; and John Trace, who will keep overseeing business in the United States. >> Chris Klein appointed head of newly formed Business Intelligence Group/R&D, based in London. Klein comes from Benfield, where he headed Counterparty Risk. >> Guy Carpenter re-brands MMC Securities to GC Securities, bringing together the brokerage’s capabilities in insurance, analytics and capital and finance expertise. Mark Hewett leads GC Securities in Europe, and Christopher McGhee is managing director in North America. www.guycarp.com

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Wholesale Insurance Leadership Forum, May 10-12 2010

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