Intelligent Investor - Portfolio Trades (TME - BUY), page-40

"i would very much value your opinion. do you think TWR would be a small but meaningful aquisition for TME to acquire some scale that it may need, with the majors moving into this part of the world."

Would TME buy TWR?

I certainly hope not!

Because, why would a digital transaction business buy a life insurance company?

That's somewhat akin to a an engineering construction company buying a luxury goods retailer.

If anything, TME is far more likely to leverage its significant online presence and digital platforms to distribute TWR's products. For a fee, of course.

But there is absolutely no need for TME to actually own the life cover IP.
I mean, as smart as they are, what could the folk at TME possibly know about actuarial science?

As for scale, TME has sufficient scale, given that it is the dominant player in the NZ Market