I am told by some in the Insurance Industry that the policies of NICON have to have a Caveat Emptor on them as there are doubts as to whether they could be honoured financially. There was also an article about this in one of the papers in the last 3 days. I am told this is a very very unusual state of affairs and not an indication of financial health in the parent group.
The above has to have the term 'allegedly' attached to it, but the people who have tol me of the Caveat Emptor are people I trust.