Another rumour emanating from Minster Court this week is that The Underwriter is on its last legs, having written too much liability business too early in the cycle.

If it is, chief executive Keit ...

Another rumour emanating from Minster Court this week is that The Underwriter is on its last legs, having written too much liability business too early in the cycle.

If it is, chief executive Keith Rutter seems unconcerned. After talking excitedly about his forthcoming trip to the South of France, Rutter says that the rumour mongers are just going through the alphabet.

"It was Royal & Sun and now they've moved through the alphabet to The Underwriter," he says.

It seems, in fact, that Rutter is preparing a capital-raising scheme to allow The Underwriter to write more business at the turn of the year.

And what of Rutter's brave move to broach the liability subject with FSA managing director John Tiner.

"Well he hasn't got back to me yet," says Rutter.

Would he be following it up, Backchat wondered? "Not likely. You ask one question and get eight back. It ends up taking far too long," adds Rutter.