Thanks T23 - hopefully you also have a few on board.I don't...

Thanks T23 - hopefully you also have a few on board.

I don't think there are many companies out there that have (a) increased profits in the previous 12 months, (b) been so "cashed up" as to be able to return excess capital to shareholders, or (c) increased their dividends. There are several insurance books out in the market at the moment being put on the block at relatively cheap prices - it wouldn't suprise me if CIX purchased more GWP over the coming few months and started openly talking about a 300mm GWP target. Extrapolate that (in earning's terms) and take out the AUGIL integration expenses [it is, after all, meant to be acretive] and you could see these profits double within 12 to 18 months. Now that would make for nice reading!

Hang on to em T23 - reckon this things got long legs.

Best regards
Kit