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Insurance management company Wright Risk Management has joined forces with a private equity firm headed by former Marsh & McLennan Companies CEO Jeff Greenberg to launch a new insurer offering a coverage package for all property-casualty risks faced by schools and colleges.

“Aquiline is excited to be partnering with Wright Risk Management to expand its franchise throughout the rest of the United States,” said Mr. Greenberg, now managing principal and chief executive of New York-based Aquiline Capital Partners.

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