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  • Lloyd's may lose some its current monitoring and compliance duties, under new tighter supervision from the FSA.
  • The “for sale” sign hoisted above GoshawK has been taken down, as the insurer revealed it has concluded the strategic review which began in July.
  • Lloyd's reinsurer Advent Capital has agreed a £15mn unsecured debt facility with a US investment bank in addition to the heavily discounted £30mn equity issue the firm announced last week.
  • But Everest Re stop loss exhausted on further US casualty deterioration Quoted Lloyd's insurer SVB announced a £50mn convertible bond issue in November to support a 2004 capacity expansion to £500mn. A further fund raising was not unexpected follow
  • Major reinsurer Everest Re has confirmed that it has no retrocessional cover to protect itself from further losses incurred from February's Chilean earthquake.
  • Ron Carlier, the colourful group chief executive of RK Carvill & Co, has unexpectedly left the reinsurance broker, Insider Week can reveal. In a 14 April statement, the broker confirmed that: “Effective immediately Ron Carlier has resigned as Group chi
  • HCC Insurance Holdings has received approval to merge its Lloyd's syndicates 4040 and 4141 for the 2010 year of account, after buying out the remaining external names earlier this year.
  • Chaucer Holdings plc – the Lloyd’s insurer which also specialises in managing third-party underwriting operations – has agreed with Quanta Capital Holdings Ltd the formation of a new managing agency to manage Syndicate 4000.
  • Nick Foden-Pattinson, former director of reinsurance broker RK Carvill-subsidiary Carvill London Ltd, has joined RFIB Group Ltd.
  • There was more insurance industry courtroom drama last week with a mammoth case management conference for the film finance litigation.