Golf under fire

Q. What effect do you think that the row over commissions in the US involving Marsh will have on provincial - mainly commercial - broking firms such as our own?

There is no doubt that it is a great British trait to indulge in schadenfreude - or, in layman's terms, a malicious satisfaction in the misfortune of others - and certainly, from our side of the pond, we have perhaps watched events of the past two weeks with a certain smugness.

Events can move very quickly and, clearly, the immediate top management changes at Marsh have created an environment whereby a dialogue with Spitzer can take place.

As far as the UK is concerned, the Financial Services

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