'Never a lender or a borrower be' - advice being eschewed by insurers and brokers as they make secret multimillion-pound loans

• Insurers are lending huge sums to brokers for favourable investment returns

• Deals are often veiled in secrecy and many are bound by confidentiality clauses

• The FSA currently has no arrangements in place to monitor potential conflicts of interest caused by these loans

Click on the related file (right) to download a pdf and read more from this week's Insurance Times investigation.