I think the behaviour of the insurance counter parties changed...

I think the behaviour of the insurance counter parties changed dramatically when the conservatives won the May 2015 election convincingly. Socialist enterprises were never going to do well under those circumstances. Medco has also been a major f..k up. I'm not absolving them of responsibility, they should have realised by about August or September things were not going well, but I think that they would rectify by the end of the FY hence why they said revenues were heavily 2H weighted. Then the Osbourne brain fart happened and sent the instos into panic