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Insurance brokerage Willis Group said Vic Krauze has been named president of Willis HRH, its North American retail business, and will continue as Willis HRH chief operating officer.

Tom Gamble comes to the firm from Zurich.

2007 and 2008 were banner years in the agency-brokerage merger and acquisition market, with more deals at the largest aggregate value than at any time in history. But everything began to change at the end of 2008.

Willis HRH, the North American arm of Willis Group Holdings Ltd., named David Finnis executive vice president and national property practice leader. Finnis will lead Willis HRH's property placement group in North America as well as property placement

Willis said Glencairn will continue to trade as a separately-run third-party London wholesale broker, that it will be run by existing management, and that a separate business in the name of Faber & Du

Willis Group Holdings Limited said today that the U.S. Federal Trade Commission has cleared review of Willis' pending $2.1 billion acquisition of Hilb Rogal & Hobbs under the Hart-Scott-Rodino Antitru

Although three ratings agencies are reticent about debt incurred by Willis North America Inc. in its planned acquisition of Hilb Rogal & Hobbs, announced last week, they believe the transaction in