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  • Willis Group Holdings has had its debt ratings placed under review for downgrade by rating agency Moody's after last week’s announced $2.1bn acquisition of Hilb Rogal & Hobbs (HRH).
  • It took Aon only four days to agree takeover terms with Benfield Group, but it has taken more than two months to finalise the delicate restructuring of senior London positions for the soon-to-be giant reinsurance broking combine Aon Benfield.
  • A New York court has issued a preliminary injunction against former Aon executive Peter Arkley, after he jumped ship with 60 other staff members to California-based rival Alliant last year.
  • International underwriters are looking carefully at their exposure to the Japanese banking system as the scale of economic devastation from the earthquake becomes clearer.
  • Vince McLenaghan, widely regarded as a potential successor to QBE boss Frank O'Halloran, stepped down today amidst a restructuring of the group's Australian and Asia Pacific businesses.
  • Fittingly, on the day Guy Carpenter and Amlin announced the completion of the London market’s first paperless claim (see story 18), Lloyd’s CEO Richard Ward reaffirmed his commitment to seeing all claims transacted electronically by the end of 2007.
  • Aon has swooped for key members of Willis’ well-regarded construction practice, Insider Week can reveal.
  • "Two large claims" which incurred in January 2005 led to AM Best double downgrading Primary Group's Irish insurance subsidiary Primary Insurance Company Ltd (PICL) before the Christmas break from B++ to B.
  • Shares in Marsh & McLennan Group (MMC) spiked to $28.37 Thursday (17 January) - up 8 percent on their opening price - as news broke of an approach from rival Willis Group to open takeover talks for its larger rival.
  • UK regulator the Financial Services Authority (FSA) is seeking to increase its budget by 9.9 percent to £454.7mn for the next financial year.