Before Christmas, Backchat pursued a story that the Treasury was planning to create a commission/inquiry into the insurance market in Gibraltar.

According to sources the inquiry was to be "Hutton-like", namely a high-profile figure would investigate the start-ups on the Rock and assess the ramifications of the insurance market moving abroad.

One name cropped up as a potential candidate - ex-Lloyd's chairman Sir David Rowland. But sadly when Backchat finally caught up with him, Sir David admitted that he did not know anything about it. "If I knew I would tell you. But to be honest, when I finally left Lloyd's to become an accidental banker, I made a conscious decision never to have anything to do with insurance again."