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  • IAG-owned Lloyd's motor insurer Equity Syndicate Management Ltd was censured by Lloyd's and ordered to pay costs of £95,000 over two charges of detrimental conduct, but avoided a hefty fine
  • The top Lloyd's players are divergent in their approach to 2012, with some loading additional capacity for the hardening market and others keeping their size in check.
  • One of the priorities for Lloyd's over the next three years will be to simplify the process of placing and underwriting business in order to address the perceived difficulty and cost of using the market at No. 1 Lime Street, Lloyd's CEO Richard Ward has said.
  • Reinsurers dodge Oz Christmas hail; FSB vice chairman steps down; Citizens CEO stands down; China up; Russian opportunities; Latin growth; US hardening; ACR affirmed; Olá XL; Twister receiverships; Twister receiverships
  • Amlin backs $200mn nuclear MGA; Canopius move; Hoare Govett slips; Takaful takeaway; Kane new CEO; Beazley goes Deutsch; RBS ready; Ascot powers up; Prosight takes aim; Lloyd's re-runs
  • Third Point has managed to attract a significant sum on top of the $500mn backing it had initially secured when The Insurance Insider revealed news of its launch last October, but is slightly shy of the $750mn-$1bn of launch capital targeted
  • It may be best to be "greedy when others are fearful", but try being greedy when you're scared, your bankers are scared and your shareholders are positively terrified...
  • Considering a property cat reinsurance premium base of circa $20bn and insured cat losses of around $100bn this year, a gloomy interpretation could easily be put on the rate increases achieved at 1 January.
  • A group representing Lloyd's Names that suffered losses from the poor performance of dedicated motor syndicate Equity 218 has welcomed the decision by Lloyd's to censure Equity over two charges of misconduct.
  • Gallagher UK has lured a team of UK homeowners and personal lines underwriters away from Lloyd's insurer Canopius, as it continues its strategy of rechanneling business into its expanding managing general agency arm, OIM.