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Shimp To Run Towers Perrin Risk Unit

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A professional services firm has created a subsidiary that will sell advisory services to insurers.

Towers Perrin Inc., Stamford, Conn., says Towers Perrin Capital Markets Inc., New York, will offer insurers help with risk-linked securities, retirement risk transfer transactions and asset risk management.

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The chief executive officer of the subsidiary will be Prakash Shimpi, who has been head of the Towers Perrin enterprise risk management practice.