The key players are settling into their roles after the Franco-Australian insurer invasion of the UK broker market over the past couple of months.

Backchat understands that Equity chief Neil Utley is currently in Australia undergoing an IAG initiation ceremony (something to do with a slab of XXXX, a Kings Cross bordello and a koala, apparently).

And speculation is mounting about the organisational structure at AXA following its Layton Blackham and Stuart Reid acquisitions. One wag in the market said: "I would love to be a fly on the wall when Chris Blackham gives Stuart Reid his first appraisal."

Wouldn't we all…