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Ohio and Indiana regulators have approved Liberty Mutual Group’s $2.7 billion acquisition of Ohio Casualty Corp., which the parties said today they expect to close on Friday.

Liberty said Dwight W. Bowie, president and chief executive officer of its Peerless Insurance unit, has been named to lead the transition of Ohio Casualty Corporation to Liberty Mutual Agency Markets on a countrywide basis. Michael R. Christiansen was named to the vacancy at Peerless.

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