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Shand Morahan Acquires Cambridge Alliance

Mike Rozenberg, president and chief operating officer of Shand Morahan, said in a statement, "We believe this move will enhance our professional liability portfolio by adding investment advisors with

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Wholesale insurer Shand Morahan & Company Inc., based in Deerfield, Ill., said it has acquired Burlington, Vt.-based specialty insurer Cambridge Alliance. Terms of the deal were not released.

Shand Morahan is a subsidiary of Richmond, Va.-based Markel Corporation, an insurance holding company.

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