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Richard Ravin, chairman and chief executive officer of Combined Insurance Co. of America, will retire as CEO to be succeeded by Doug Wendt, currently president and chief operating officer.

Combined Insurance, a subsidiary of Chicago-based insurance broker Aon, said Mr. Ravin would retire from the position on July 1 but remain as chairman through the end of the year. Beginning in 2008, Mr. Ravin will become chairman-emeritus.

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