Backchat was again disappointed to be overlooked by the Sunday Times Rich List published last Sunday. But was delighted to see Admiral boss Henry Engelhardt coming straight in at number 326 with a fortune of £145m following the successful float of the motor insurer last year.

Engelhardt was joined by Axis Capital boss John Charman, also on £145m. The highest placed from our industry was Sean Quinn of Quinn-direct fame at 49 with £810m - surely plenty of reserves there, should there be a claim or two.

Benfield's Grahame Chilton slipped from position 530 last year to 607 this year, even though his fortune went up £5m to £80m.