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  • Lloyd's will intervene in the business and capital plans of its managing agents lagging in their preparations for Solvency II, The Insurance Insider can reveal.
  • It has emerged that David Hope, one of the founders of energy specialist Torus Insurance Holdings, has joined the board of Lloyd's "turnkey" provider Capita Managing Agency as a non-executive director.
  • Flagstone Re's Lloyd's subsidiary has replaced its CEO, Dominic Kirby, with its current managing director Karl Grives, it was revealed last week.
  • Lloyd's two dedicated motor underwriting operations may continue to register underwriting losses in 2011 despite the efforts of their managing agencies.
  • Pricing fell across the board in the third Lloyd's capacity auction last week, with marked declines for poorly performing syndicates.
  • Munich Re's Lloyd's insurer, Beaufort, has edged closer to the 90 percent ownership threshold of Syndicate 318 that allows a mandatory offer for its remaining third-party capital.
  • The aggregate results for the Lloyd's market were the worst for over five years, as H1 pre-tax profits more than halved following heavy exposures to the Chile earthquake and other major cat losses.
  • Chaucer, tipped by many to be the next Lloyd's insurer to receive takeover interest, has continued its recent drive to bolster its board.
  • Ask any free market economist and they will tell you that incentives are the prime drivers of human behaviour.  
  • Marsh & McLennan (MMC) has set itself an ambitious long-term earnings per share (EPS) growth target of 13 percent, despite the soft market and economic headwinds.