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Releases updated U.S. terrorism model, which has been enhanced to account for the varying effects of bomb blasts relative to density of properties near the detonation site. www.air-worldwide.com

Aon-COFCO Insurance Brokers holds a 4.89% of the market share in China, making it China’s largest international broker and third among all brokers in China, behind Chang’An and Jiang Tai. It recently launched an Overseas Direct Investment division that provides investment consulting services to Chinese businesses. www.aon.com

Acquires C&B Consulting Group, an employee benefits insurance brokerage based in Syosset, N.Y. >> Agrees to buy Yanni Partners, an institutional investment consulting firm in Pittsburgh. www.ajg.com

Appoints two new senior vice presidents to the National Environmental Practice: Kyle Strand and Rick Craig. Craig will lead the practice. www.beechercarlson.com 

Benfield Corporate Risk buys Beaufort International Insurance and Beaufort Insurance Services from Beaufort Group in Canada. They specialize in oil and gas exploration and oil sands industries in western Canada. The businesses are being combined with Benfield’s Corporate Risk’s Calgary office. Dougal Simpson, previously CEO of the purchased Beaufort operations, now heads Benfield Corporate Risk’s Canadian operation. >> Benfield appoints new senior v.p. Richard Goldfarb to the recently formed Capital Markets division. He is a Fellow of the Casualty Actuarial Society and was previously a senior manager in the Insurance Advisory Practice at Ernst & Young. www.benfieldgroup.com 

Subsidiary, Hull & Co., buys assets of McFall General Agency of Washington state. Bob McFall, founder, will assist the transition then move to a consulting role. Jenny Lupescu is new senior v.p. and branch manager of both McFall General Agency offices. Jo Julian-Smith is new senior v.p. for operations. >> A Brown subsidiary buys Wittner National Group, which is being folded into Brown’s existing Pinellas County, Fla., operation. www.bbinsurance.com 

Hires Russ Gunn as senior v.p. in the Orange County, Calif., office. 

Texas-based Frost buys Prime Benefits, an employee benefits specialist agency in Austin. It is being rolled into Frost Insurance in the Frost Bank Tower. www.frostbank.com 

Names Nick Frankland as CEO of UK operations and CEO of European operations—a new position. >> Andrew Marcell, CEO of continental operations, adds global business development leader to his title. >> As of May 1, 2008, James Nash will be CEO of Asia Pacific operations, succeeding Martin Burrough, who is retiring. >> Guy Carpenter releases a new, fully probabilistic flood model for the Czech Republic, covering all of the country’s major rivers and most densely populated areas. www.guycarp.com 

Alvin Rogal, 84, one of HRH’s three founders, died Nov. 6. Rogal founded HRH with Bob Hilb and David Hamilton in 1982. www.hrh.com 

Hub agrees to buy Canadian broker HKMB, which is becoming a new regional hub operating out of HKMB offices in Toronto. HKMB’s Vancouver office is joining Hub International TOS. And Hub’s existing regional office in Ontario continues as a separate operation. www.hubinternational.com 

Names John Chaney as president of the Cleveland office and regional vice president. He will continue to serve as Large Account Practice Leader. >> Frank “Skip” Treco is now president of Indianapolis operations. www.hylant.com 

IronPro, the brokerage’s professional liability group, hires three executives: Tom Leahy joins as senior v.p. of underwriting and will manage the New York-based underwriting teams; Jeremy Frumkin is a new assistant v.p. in San Francisco; and David Rogers is assistant v.p. in Chicago. www.ironshore.com 

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