Is that white smoke I see over Geneva? It seems that the cardinals of Zurich Financial Services are set to announce the new UK chief executive this week.

Who could it be now that Geoff Riddell has been promoted to corporate global status along with his next logical successor Martin South? Well, following the departure of personal lines boss Ian Owen, it seems that the Swiss will be parachuting someone in. Zurich's predominantly female UK communications team are crossing their fingers for Matteo Gazzio. Although some sages say that he hasn't quite got the experience required just yet, it seems being a former Mr Switzerland has won a few admiring glances.