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Old 02-22-2018, 11:12 AM   #10919
DanaC
We have to go back, Kate!
 
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
that sucks Monster

Makes my reason for being upset seem trivial. Which is probably no bad thing.

Went in to work today to discover that, because the higher ups made some flawed decisions on risk and because they underestimated claim costs for escape of water claims the UK division has large underwriting losses this year. The company as a whole is doing great - record sales figures for new business, great results from the home, motor and pet claims teams - great performance from the overseas teams - share prices at record high - but most stuff gets underwritten by the UK division (things like the hurricane damage in the US and Caribbean) so the losses in the UK underwriting are substantial.

So we're not getting our annual bonus. So the £600 bonus I was expecting next month is not happening.


Now that's a hell of birthday present for tomorrow.
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