Are AXA staff in denial? Backchat wrote a few weeks ago that chief executive Peter Hubbard had been embraced by his employees with a bonhomie similar to the old Homer days.

But, it seems some AXA clients received a cover-note book last week signed by the chief executive of AXA Insurance - a Mr Andy Homer.

Has Hubbard lost his touch already, or is Homer still on a retainer? We should be told.