Chaucer Hldgs Share Discussion Threads

[a0148009] 10/1/2011 15:09

Does any one know what exposure CHU has to the Aussie floods - they have exposure to New Zealand earthquake so assume they are involved.

AO

[a0148009] 04/1/2011 09:53

If any of you guys are members of the RAC worth giving them a try. They have over 20 insurers on their panel and there are some free extras for members eg equivalent £400 Physio treatment. They used to be uncompetitive - but got good annual renewal quotes from them in March and November 2010.

AO

[ursus] 30/12/2010 17:02

strongish of late... might this be the ususal informed prelude to a bid? i do hope so.

[crawford] 21/12/2010 14:32

Yes, claims means hardening rates, good for insurance companies.

Chaucer always seems to be the cheapest on the comparison websites such as confused.com, but with a higher excess.

Having just got insurance through a local broker, my insurance is up 37%; and thats including £90 cashback promised to me after 3 months.

No wonder the insurance companies are rising.

[iomhere] 21/12/2010 10:35

And a subsequent increase in rates?

[peterz] 21/12/2010 05:24

Will be a few claims with this weather!!

[aleman] 19/12/2010 22:23

Premium rates haven't risen this sharply historically.

[kirkie001] 18/12/2010 09:58

Aleman - think you're incorrect. The cycle doesn't turn that quickly historically.

[aleman] 17/12/2010 19:08

Should be less fraud this year and good investment returns will have the opposite effect. After such big increases, I think a modest fall is more likely be the order of the day.

[a0148009] 17/12/2010 19:00

Another bad winter for motorists should push up the premiums again.

AO

[peterz] 16/12/2010 18:54

Very happy to have divi. Not good at selling, needs to be a takeover for me to move on. Decision made for me. Should have learned by now.

[aleman] 15/12/2010 14:12

Household insurance was up 21% on 12 months ago and transport insurance up 38% according to yesterday's inflation statistics.

[crawford] 15/12/2010 11:09

Agreed, car insurance rates are well up too.

[lionheart79] 15/12/2010 10:52

don't think this one is especially good for traders peterz - but for investors, very much so. juicy divi on offer

[peterz] 04/12/2010 19:58

Topsy blinking turvy - are traders having fun here?

[crawford] 19/11/2010 13:31

Numis 60p price target:

[edmundshaw] 19/11/2010 10:26

Simples. The key is in the word "incepted".

Insurers in general were expecting better returns on the 2nd and 3rd year of the policy as laziness/ignorance meant people didn't change provider each year. Competition pulls everyone into line. I think in the current climate of internet aggregators (not to mention insurance fraud), that lost leader strategy is becoming a thing of the past.

[crawford] 19/11/2010 08:39

edmund,
what was the point of doing business if the combined ratio was above 100% previously? Never made sense to me, unless the investment side was extraordinary.

I would think that lower returns from the investment side has forced insurance companies to increase rates.

[edmundshaw] 18/11/2010 22:29

One of the better lines in the statement:

"We currently forecast 17.4% rate increases for our UK Division for 2010. The most significant rise to date have been on the private car account (25%) but encouragingly the last quarter has also seen a notable increase in commercial vehicle rates. More specialist areas such as motorcycle and fleet, which are less volatile, have seen smaller rates increases. Despite these significant rate increases, our insured vehicle volumes remain robust.

For business written in 2010, the incurred loss ratio of our UK motor portfolio shows an improvement of approximately 15% in comparison with 2009 at the same stage. We expect that 2010 incepted business will produce a combined ratio of below 100%."

[tom111] 18/11/2010 15:46

Profit takers moved in happy to hold here

[lionheart79] 18/11/2010 14:40

Lovely dividend to have this one. Happy to hold longterm.

[crawford] 18/11/2010 08:52

Chart looks very exciting, good results and nice strategy.

[a0148009] 18/11/2010 08:36

Reasonable set of figures in a very competitive market - no change in estimates for Chilean earthquake and Deepwater Horizon which is important as
liabilities can deteriorate substantially but it still early days.
Management on top of business with strategic update - no exposure to PIGS in investment portfolio - tasty yield with opportunity for cap ap.

AO

[lord gnome] 18/11/2010 08:21

Chart looks good with the share price poised to make further progress. Nothing to hold it back now. 55p first stop and then hopefully 60p by end of year results.

[boadicea] 18/11/2010 08:20

"Some premium rises look quite good." ... unless you're a British motorist!
However, I'll keep the shares on the basis that if you can't beat them, join them.

Joking apart, they're certainly paying for their keep at 8%.