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  • Lord Peter Levene of Portsoken, the outgoing chairman of Lloyd's, was last week awarded the rare honour of a gold medal for services to Lloyd's for his role in re-cultivating the market's reputation and gaining access to new territories.
  • The firms that have recently taken over Lloyd's vehicles will be held to the business plans submitted by the previous ownership and will not be allowed to pre-empt rapidly, Lloyd's senior management reiterated last week.
  • Brit Insurance is to become the latest example of Lloyd's resurgent fortunes, as the private equity owned (re)insurer implements a new policy of deliberately migrating its business away from its UK Financial Services Authority (FSA)-regulated insurance company Brit Insurance Limited (BIL) and onto its Lloyd's Syndicate 2987.
  • Berkshire Hathaway is to repurchase an unspecified number of its class A and B shares at prices no higher than a 10 percent premium over their then-current book value.
  • French mutual insurer Groupama has put off plans for a public listing in response to Standard & Poor's (S&P) decision to further downgrade the firm's rating on Friday (23 September).
  • Lonmar Global Risks' parent company Centrix Insurance Holdings incurred losses of £3.12mn in 2010 after swallowing more than £2mn of costs paid out to marine underwriters that had been overcharged.
  • Tony Lovett, the former Catlin and RSG Europe executive has re-emerged with a new London-based managing general agency (MGA), The Insurance Insider has learned.
  • Planning for the giant SOS offshore energy excess liability facility has met resistance from the primary energy insurance market, The Insurance Insider has learned.
  • Icelandic insurer European Risk Insurance Company (Eric) has been revealed as the latest carrier offering UK solicitors' professional indemnity (PI) cover, just days ahead of the industry's 1 October renewals.
  • Fairfax buyback; XL expands property capacity; BB&T buys; UIB reshuffles; BIBA appoints Homer; Generali shrugs off S&P downgrade; Ferma's new president; Lancashire chooses Northdoor; Canopius expands; Dutch stable; Russell Group launch; Novae changes; Miller expands binder team; Wilford flies; RGA opens in Dubai