Understandably the insurance industry reacted negatively to the news, but in the end cold, hard cash did the talking some days later. on 31st May, stock market analyst Collins Stewart was bullish about the prospects of FTSE 100 darling Admiral Insurance precisely because of the LSB’s protectionist stance. Referral fees are to continue and Admiral will carry on earning a tidy sum from them; a fact that won’t have gone unnoticed by the many pension funds with holdings in the motor insurer.
Now as you may recall, a certain golfer had this time last year been exposed as something of a womaniser, and it was this very topic topic which inspired BMR’s first post, after a news piece in the FT and the paper’s editorial had been devoted to the world number 1′s indescretions.