For all we know there could be. All successful arbitration/ settlement does is satisfy Rule A of the PL handbook. They then have to carry out the test under Rule F. Wouldn't hear anything. Arbitration/ settlement is confidential. If arb goes ahead we won't hear a peep. The first and only sign we would have about a possible resolution would be if St James Holdings dropped their CAT case.
There's always got to be someone pushing the panic button hasn't there. I think it's important we all stay consistent and keep our heads personally. It's really not helpful when the negative nannys start piping up.