Editor's comment: Coming back to bite

Lynn Rouse

Confident words have a nasty habit of coming back to haunt you – as Admiral’s CEO Henry Engelhardt discovered to his cost this week. From stockmarket darling to deep disappointer inside nine months, the motor-focused UK insurer has certainly suffered a backlash as its shares nosedived.

On posting a 33% UK motor profit rise to £276m in March, Engelhardt declared it had no bodily injury problem – unlike the frequent citations by pretty much every rival. He added: “The big success was

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60 Seconds With... Foil’s Pete Allchorne

Pete Allchorne, partner at DAC Beachcroft and president of the Forum of Insurance Lawyers, would like to be “Doctorin’ the Tardis”, finds ironing therapeutic, and can be found dancing to “Uptown Funk” by Mark Ronson and Bruno Mars.

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