Meanwhile, the bones of the carcass continue to be picked over. Brokers are to meet with Pool Re to see if, in the wake of the Ealing Broadway bomb, they can claim a stake to Independent's terrorism reinsurance (page 3).

Most of the bones are proving unpalatable. Norwich Union has taken £13m to £15m of Independent's business.

This will rise to £20m in the long term – a tiny amount. It's no wonder that the motorcycle book has only just found a buyer after weeks of negotiation (page 3).