Member Info for hickfromthesticks

Do keep it civil, there's a good chap.

Good Afty All. Is moving reserves from one class of business to "prop-up" a failing class allowed? Setting an adaquate reserve on a Motor book is fairly str8forward on material damage claims - but doesn't the Motor account have to also fund personal injury claims? & if so - thats where the fun starts.. In my day an insurer used to love long tailed business. Estimate a true reserve - move the money - earn 20% on it and if it took 4/5 years to settle - the interest covered it....... Not now, of course...........

Think (hope) it was a glitch.

81p? Where?

Good post - re Insurance Times article. Recommended.....

The seasons compliments to you, too. Just bought more RSA - I am delighted with the over-sell. I am amazed the jelly-tots kid still posts to me -- perhaps he should get his mummy to explain the word filter. Liberto's post and link to the Insurance Times article reflects my attitude to RSA - troubled, yes..... in trouble, no.

Evening Your Maj, Glad you have calmed down. Shame about he who must be ignored - you do like to slap him......lol. Now to business. The SP hasnt gone up in the last few days - just like the Footsie. I plan to sit on my hands & await the recovery. This Irish problem has been blown up out of all proportion to its risks, And btw - insurers take risks - thats what they do. So the storms of last week aren't going to bankrupt the company.

Michael Bright was a pussy cat compared to "Dr" Emil Savundra. Yes, I am that old...... I spent the last decade of my working life as a commercial broker.....

Your Maj. Calm down, calm down................. I dont think MaoW was dissing you. AND I dont think you were dissing MaoW. Lets just get on with making money......................... and showing whats his name to be a pirrock...........

Size is not necessarily a safeguard. I remember Vehicle & General....... AND Rolls Royce. It happens - any PLC is a possibility.

It indicates to me that a director sees the current SP as being well undervalued.

Hi MAO. I agree with your thoughts & strategy. ok got sideswiped by the events that dropped the SP even below £1.20 SO? its going to take a little longer. It will get there. Meanwhile we have divis & a T/O is possible. 79p? - I suspect I know the source of that thought.

MaoWombat. I, for one, am always interested in Director buys. Aren't you?

Ditto. Though the companies me' n' my dad worked for have long since disappeared.

Morning your Maj. Not sure I care where Libero hails from. That was a knowledgable post.. Do u have an insurance background, Libero?

Is he? Who cares - he hasn't got the sense he was born with. I found him slightly annoying - so I filtered him. There are a lot of good posters on LSE. He is like a post - he is thick as one. RSA are a bargain at these prices. Hope you have grabbed a few as well..

Morning, your Maj. Just had a small top up. Nothing spectacular, but I could not resist these prices. No one with any sense would describe RSA as a multi-bagger, but a few (inc me) make a nice few bob each year playing in the ups and downs.

Pipe and Slippers, QueenE? Oh well thats another fantasy scuppered........lol.........

Hello U. Yep. Agreed ------------- as usual.............

Hi QE. How's you? I see. Aren't filters great....lol.