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Porto Seguro's shareholders approve new chairman, director

The shareholders of Porto Seguro SA on May 31 approved the appointment of Bruno Garfinkel as the Brazilian insurer's chairman, according to a filing.

At the extraordinary shareholders' meeting, Ana Luiza Garfinkel was elected a director of the board.

Bruno Garfinkel replaces his father, Jayme Garfinkel, as chairman, according to previous reports.