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PCI's new officers were announced at their annual meeting in Miami Tuesday.
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Downey will lead the firm's human resources, training & development, marketing and communications functions.
Shank previously served on the InVEST board from 2012 to 2015 as an agent member and returned for another term in 2016.
The annual international conference takes place October 3-6 in Chicago.
Cline joined Ethos Specialty at its inception in 2017 and most recently held the role of chief underwriting officer.