nothing here is ever personal mate - and i wasnt even aware...

nothing here is ever personal mate - and i wasnt even aware you'd raised it, it was the mngt spin that bothers me. You really believe taxes are good for you? thats how they were first sold to the masses.....and they voted them in. effective Marketing, and ppl fall for it.

simplification - more like, we have lost control in areas we cant even integrate - best to divest (and take anything) then try to REMEDY, OPTIMISE, BUILD CAPABILITY....

now which method is BETTER for the overall business in the long run?? go through the pain now and develop capability or just hive it all off (too hard basket?). Guess which "strategy" is being implemented? Regan is too whipped (with his ~1 MILLION shares) to invest in capability at the short term hit to the P&L.....but some1 will have to eventually, "kicking the can down the road" only lasts for so long...and the can becomes a rusty can.

You dont see AXA (56 countries), allianz, zurich etc concentrated in one geo location. Risk is risk, probability can be quantified via experience, overhead charge and investment returns assumptions overlaid to derive a reasonable ROE....now that is insurance for "simple". you can price any risk and manage it well for a long run profitable return.

im out - see you all at the next tumble