Benfield chief executive Grahame Chilton suffered a nasty shock in preparing for the Monte Carlo Rendez-Vous this year.

Chilton, who holds court every year from the same presidential suite in one of the principality's top hotels, was unable to book his customary lair.

Backchat heard that Chilton was offered another suite in the same hotel after an unknown person booked the penthouse for two years solid. Luckily for Chilton, the room service should be just as good.