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  • Heath Lambert Fenchurch has sent the strongest signal yet that it plans to return to the public markets next year after its pulled summer IPO by changing its financial year-end. The world's 7th largest broker is changing its year-end from 31 March to come
  • Reinsurance giant Munich Re booked a fall in net profit from EUR777mn to EUR420mn for the first quarter of the year, as its investment portfolio was hit again.
  • Hartford Financial Services Group will buy back $3.4bn of its shares issued under the US government's bailout scheme, following a dramatic return to profit in 2009.
  • John Bykowski, chief executive of US personal and commercial insurer Secura Insurance, is to retire next year.
  • Insurance broker Willis Group Holdings Ltd cancelled a $300mn debt issue at the end of June - a move that has led to speculation the firm is again considering a significant acquisition.
  • Willis Group is not in dispute with shareholders in its affiliate Gras Savoye & Cie over the valuation of the French broker.
  • AIM-listed accountancy firm Vantis, which acted as liquidator to Stanford International Bank (SIB), suspended shares last week as two senior directors resigned amid deepening financial difficulties.
  • Legacy sector trade body the Association of Run-off Companies (ARC) and consulting firm Watson Wyatt have launched a key stakeholder group to help drive through the development of individual capital adequacy (ICA) models for run-off businesses.
  • Montpelier Re launching its own Lloyd's managing agency for the 2009 underwriting year after its plans were approved by the Society and UK regulator the Financial Services Authority.
  • Bermuda-headquartered Aspen Insurance Holding has appointed Mario Vitale to oversee its US operations as the firm continues its ambitious plans for growth in the states.