flood and cyclone exposure, page-4

I honestly don't think that QBE has a large exposure to the floods, or else it would have been released to the market.

The exposure to Yasi, well who knows what that exposure will be after the cyclone has past.

The SP could get pushed below $16.00, who knows what Mr Market will offer QBE shares for over the next week or so.

All I know is that I will be using this opportunity, during a time of fear, speculation and assumption, which is being increasingly whipped up by the media, to add to my position.

QBE derives around 75% of it's GWP offshore. Do you honestly think that 25% of QBE's GWP in Australia is entirely in the state of QLD, and will be entirely affected by the cyclone?

I think not!