Just stopped for coffee and to listen to TIO CEO Richard Harding talking on Daryl Manzie program - thanks Richard for your clear discussion around Insurance risk and the underlying principles of diversification and reinsurance / global sharing of risk - and of the cost +30% of premiums that fly out the door for reinsurance purposes. We need to reduce the hysteria being whipped up and address the challenges we face ASAP. So: . Company wholly owned by NT Gov . Run as commercial entity . Must comply with APRA . Must compete with other insurers THATS great... So. (1) Now that we know all that ... Im somewhat assured... So please explain for us laymen How TIO can gain access to capital markets - without losing that NT feel. (2) can the Minister and the appointed Board speak to the community...let us know what exactly will be done with the proceeds - do we have a global company wanting to buy (spreading the risk and keeping our premiums stable)? ......just a thought ... Ps if you made it to the end if this rant...congratulations you do care what happens...
Posted on: Wed, 12 Nov 2014 01:25:10 +0000
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