shocking announcement, page-8

Agree with NeilN...anyone who wasn't expecting some form of an ann like this has been living on the dark side of Mars.

This has provided me with an opportunity to buy back into an extremely well managed company and I do so on a medium term basis. Calendar 2011 has come and gone...a shocker, no question...but QBE will not be the poorest performer in this sector, just wait till we some half yearlies!

But the bautiful part about the insurance game is that they recover strongly on the back of massively hiked premiums in years following catastrophies...and...the customers understand and expect such a hike! The only boofheads who will make big of this are the crappy ACA style shows. I wonder if they will run a bleeding heart story on the QBE shareholders or continue to brand them as the capitalist pigs!

PLUS, QBE are reporting a significantly poorer return on their float because they are notoriously conservative investors....but interest rates will trend back up again, no question, because there just ain't enough real money to go around as the Europeans are finding.