Last week's Insurance Institute of London lecture, given by former JLT chief executive Steve McGill, provided plenty of amusement for Backchat. McGill, clearly longing for the good old days of broking, spoke dreamily of the time when brokers could quite legitimately tell clients who asked about commission that is was "none of their business". If only that pesky Spitzer hadn't got in the way.

He was also keen to pour forth on market reform. In a reference to Kinnect, McGill said the market needed "a credible solution that everyone could rally behind". Turning to Nick Prettejohn, who was chairing the lecture, McGill asked if he wanted to comment. "Don't get me started," came the somewhat exasperated response.