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  • Independent international broker Windsor Ltd has reported pre-tax profits of £4.8mn on revenues of £39.4mn, despite £1.87mn of extraordinary costs associated with its relocation to new offices at 71 Fenchurch Street.
  • Transatlantic Re - the US reinsurer currently in takeover talks with suitors - has revealed that it has commenced its $600mn share buyback programme, with more than $40mn of stock repurchased to date.
  • The soft market for US P&C insurance is drawing to a close, according to the latest market barometer from broker and underwriter MarketScout, which registered rates as "Flat" for September.
  • Conor Finn, the former divisional manager for property at Barbican Insurance Group who left in March, has resurfaced as head of property at Lloyd's insurer Jubilee, now part of Ryan Specialty Group (RSG).
  • Philip Sexton, former head of UK & European general property for Torus is joining XL Insurance's London office as international P&C onshore energy and general property manager for the UK, Ireland and Nordic region.
  • The UK Financial Services Authority is expected to announce its ruling next week on a joint request by Lloyd's and the Association of British Insurers (ABI) to allow leading UK insurers to stick to an advanced schedule for the implementation of the Solvency II (SII) regime.
  • Global bank HSBC has tapped up insurers Axa and Allianz among others as it puts its non-life insurance business up for sale, according to reports
  • Montpelier Re director Clement Dwyer has resigned from the company board and will leave the role today (30 September).
  • Allianz Re has named Amer Ahmed as its new CEO with effect from 1 January 2012, as the 44-year-old takes the reins from Clemens von Weichs.
  • Shares in Harleysville Group almost doubled in price today after US mutual giant Nationwide confirmed it was buying the specialist P&C insurer for a total of around $840mn.