While Europe's current shaky economy is doing damage to many businesses, there are some industries and organisations who have found themselves relatively sheltered from the troubles.

For instance despite the current market conditions, Lloyd's of London is seeing their best capitalisation ever and strong syndicate growth, suggesting they are in a good position to brace whatever happens in Europe.

Luke Savage credits the strong performance to two main factors. Firstly, insurance itself is a relatively durable product which tends to maintain it's demand even in times of economic trouble. Secondly, Savage says a conservative investment base at Lloyd's gives them minimal exposure to risk.

News Insurance spoke with Luke Savage of Lloyd's to find out more about why they are doing so well.

In the first edition of News Insurances Weekly for 2012, we look how the recent storms that hit the UK effected the insurance sector. Which companies were hit the hardest?

We also talk about AXA's prediction that this year will be another costly one for insurers, after 2011 was the second most expensive year ever for the industry. Continued destructive weather and a tough economy wont help keep prices down for insurers.

And finally we had a look at the new department of the London police dedicated to combating Insurance Fraud. The Insurance Fraud Enforcement Department opened it's doors in early January and have been stopping fraudsters ever since.

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