The week's winners
GoshawK up 8.4%
Hiscox up 3.7%

The week's winners GoshawK up 8.4%Hiscox up 3.7%

The week's losersThe Innovation Group down 13.3%THB Group down 3.8%It appears that GoshawK is the only one thrilled at the prospect of Michael Wade consolidating some Lloyd's vehicles - its shares leapt 8.4% following the news. But GoshawK's new-found optimism could well be short lived. Analysts are rather sceptical on whether Michael Wade's new venture will come to fruition. For more on what the experts have to say, see the news report on this page.Royal & SunAlliance (R&SA) is close to selling its closed UK life assurance arm. It is understood that Resolution Life, the investment vehicle, is in pole position to grab it for £875m. R&SA would not comment on the sale. News of the sale at the end of June initially saw R&SA's shares increase to 84p but it has since slithered down to 78.25p.Finally, The Innovation Group experienced a 13.3% drop this week following spread betting firm City Index selling £7.25m shares.