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Paula Rosput Reynolds, named to take over as Safeco chief executive officer in January, said she has no contract for the post because “I’m going to live and die by my performance.”

Ms. Reynolds, who was announced yesterday as the Seattle-based insurer’s replacement for Mike McGavick as of Jan. 1, 2006, said that she has no signed agreement and neither she nor the company board of directors intends to enter into one.

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