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Aon Benfield now formed with Andrew Appel as CEO and Michael O’Halleran as chairman. Job cuts over the next three years expected in the 500–700 range. Cost savings: $185 million. >> Grahame Chilton, former CEO at Benfield, becomes chairman of Aon Specialty, a new global specialty brokerage unit. He will also be vice chairman of Aon Group and lead a five-year business development effort across all areas of Aon. >> Aon hires Jim Finnamore as regional director of environmental services group for Asia-Pacific. He moves over from Marsh. >> Joins with Allianz Global Corporate & Specialty to offer “Double A Protect” for non-U.S., non-financial companies to protect buyers in the event an insurer of underlying layers becomes insolvent. (See Allianz entry Market News for further info.) >> Now has policy covering shipowners, charterers and cargo owners for loss of earnings caused by piracy. The policy is written by Lloyd’s and London Market insurers, is no-deductible, standalone coverage meant to complement existing hull, war, cargo and P&I.

Buys The Treiber Group and Treiber Agency Group, both located in Garden City, N.Y. The Treiber Group is a retail brokerage. Treiber Agency Group is a wholesale brokerage. >> Also purchases Continental Special Risks, a surplus lines brokerage in Georgia. >> Acquires HR Group, an employee benefits brokerage in Tennessee.

Acquires Brooks Bittner and Associates, an employee benefits brokerage in Dallas. Joe Bittner will continue as president of the Brooks Bittner division and becomes leader of Apex’s middle-market employee benefits services initiatives.

Acquires Sage Insurance Group located in Bend, Ore. It will conduct business as Beecher Carlson and remain in its Bend location.

Buys Stewart & Tunno Insurance Agency of Portland, Ore. Operations will be combined with Brown & Brown’s existing Portland office. >> Also acquires Agency Associates, which will merge with Brown & Brown of Indiana. >> Agrees to by small-business unit of Conner Strong Companies, a provider of commercial p-c insurance and employee benefits products and services in Cherry Hill, N.J. Joseph Morrissey, Jr. will lead the commercial lines operations. >> Buys R.E. Sutton & Associates, an employee benefits specialist in Indiana, to operate as separate specialty unit with Brown & Brown, keeping its own name. >> Acquires assets of Alexander & Bolton, one of Louisiana’s longest-operating agencies, founded in 1890. It will become a division of the existing Lafayette, La., operation under Mark Romero’s leadership. >> Adds Charter Insurance Services of Albuquerque to the existing Brown & Brown office there, under Scott Jones.

Adds new field division to provide better customer service to agents, respond to growth in product lines and client base, and establish a local presence across the nation. >> Expands product line to include airport property, a mobile storage endorsement to the self-storage program, and equipment breakdown for online quoting and policy issuance.

Introduces Wildlife Management Program, which provides general liability, umbrella/excess liability, commercial auto and workers comp for the wildlife management and animal control industry. General liability limits up to $3 million aggregate, $1 million per occurrence.

Promotes Daniel Muldowney to CFO. >> Promotes Anthony Cugini to manager of Houston office. >> Gina Jones, from AIG, joins as director of specialty programs and is based in the Denver office.

Says it will discontinue treaty reinsurance business in April—no new placements or renewals. Cites “escalating central costs and current economic conditions that have fundamentally changed our outlook on the future.”

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