RE: Knowledge18 Feb 2024 11:24
I can’t see this being on the radar of a T/O, Financial Institutions tend to be on the conservative side of the spectrum. The issue here is, at this stage no one knows the extent of the fall out. The average claim I have read, ranges from 1100 pound to 5000, if it is at the higher end it will hurt. There is one thing for sure, the Management claim companies are gearing up like vultures. I agree that this is not Amigo, as they only have 20% exposure, but it will certainly have the volatility of Amigo over the next 6 months.