Last week Backchat highlighted how Royal &SunAlliance's Bob Mendelsohn had become part of City parlance. But Backchat underestimated his true worth. By £1m.

Backchat apologises unreservedly to the insurer's ex-group chief executive. The company's annual report said Mendelsohn received £2.5m in salary and benefits last year, including more than £1.4m for loss of office.

Shareholders described the news as "galling" considering the state of the company's finances. But where is he now?