Wednesday 22 February 1995
However, some people are not doing badly at Lloyd's. Word reaches me from a Lime Street bar that Mark Brockbank, the brilliant underwriter at syndicate 861 who recently traded in his commission arrangement for £2.85m, has grown so rich he is buying a palace in St Tropez.
Not true, says Mr Brockbank. He does own a ramshackle landholding in Santa Fe, the artistic Indian community in New Mexico that hosted DH Lawrence and Ernest Hemingway. The house cost "less than a one-bedroom home in Chelsea", he says.
Maybe he has set a trend, for I hear that Richard Brendel, deputy head of John Sharman's syndicate 488, has bought a place in Colorado, to be near the skiing.
An unexpected fit of slushiness must have come over David Hudd, the flamboyant cricket-loving chairman of Vardon, the bingo-to-London Dungeons leisure company. When planning the takeover of Parkdean, the holiday camp company, which was announced on February 15, he romantically gave his company the code name Valentine and called Parkdean Princess.
Gene G Marcial, a Philippines journalist who moved to New York after the fall of Marcos, is set to publish a rich expose of sleaze and corruption on Wall Street.
The book, which is to be published in Britain, claims to tell how to rig initial public offerings and reveal the investment banker who romanced her way into closing underwriting deals when the competition clearly had the inside track.
"Marcial names big names on every page and makes revelations that will redden a lot of Wall Street faces," the book blurb reads.
I hear that such dirty tricks were unheard of when Marcial was a journalist in his home country.
Surrey-based car maker Frazer-Nash, once famous for its sports cars and defence systems, is diversifying into ecologically friendly rickshaws. The vehicle (above), christened Solar Baby, is a small solar power-assisted electric car being launched as a joint venture between India-based Peerless Developers and Frazer-Nash. The pollution-free vehicle, which sells for $4,000 (£2,700), can carry four passengers. It is ideal for city transport, according to the company. Rickshaws are a popular form of transport in India.
To me, it looks like a cross between Clive Sinclair's C5 and one of the vehicles in Gerry Anderson's forthcoming space drama, Space Precinct.
Justin Bieber was one of the hardest hit
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
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