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  • With Lloyd's global capacity thought to see a moderate fall at the start of 2008, new start-ups have played a significant part in offsetting de-emptions by some of the market’s larger players.
  • As well as cutting 2008 capacity on Lloyd's syndicates, a number of the market's listed insurers have already begun to hand capital back to shareholders - a pattern likely to continue this year...
  • Alongside access to international risks, and the Society's A+ Standard & Poor's (S&P) rating, the lower capital requirements of operating at Lloyd's are one of its key attractions to new entrants and acquirers of existing businesses.
  • US insurer CV Starr & Co Inc has launched a Lloyd's energy syndicate with £30mn 2008 capacity in partnership with private equity firm First Reserve Corporation.
  • Cherkasky departure linked to activist; break-up pressures grow (again)
  • Recently merged New York law firm Dewey & LeBoeuf LLP has opened an office in Dubai, with a primary focus on corporate finance.
  • Trading Risk, the new publication from the publishers of The Insurance Insider and Insider Week, launches tomorrow (15 January).
  • Run-off (re)insurer Alea Group Holdings has agreed to "fully and finally" commute all exposures under an excess-of-loss reinsurance treaty which will see the firm record a net loss of around $8.8mn in the 2007 fourth quarter.
  • Former General Re senior vice president Richard Napier has lifted the lid on the allegedly sham finite reinsurance deal with American International Group.
  • Angus Simpson has resigned as managing director of London market broker Glencairn Ltd after 10 years at the firm.