Following executive shuffles at top firms is Zurich next on the list? Backchat hears from one well placed source that Sandy Leitch, who runs Zurich Financial Services in the UK, was a bit put out that he was overlooked for the top job in Switzerland when Hüppi moved on.

But this could be good news for Patrick O'Sullivan, the genial head of Zurich's general insurance business in the UK.

O'Sullivan is understood to be the first reserve for the top spot.