they are trying to sell the bank, just can’t get anyone to buy it. under Marnie Baker, BEN keeps on insisting on organic growth and there are scandals all over Australian banking.
Reinsurers can by the way refuse to pay out depending on their treaties, and usually there are caps and limits and layers.
For evidence of reinsurers refusing to pay out, just look at the World Trade Center where the reinsurers tried to refuse to pay out based on whether it was one and or two events and the property and casualty insurers burst through their layers.
SUN Price at posting:
$12.99 Sentiment: Sell Disclosure: Not Held
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