QBE 0.53% $17.03 qbe insurance group limited

PMI is a great business. A niche really.The Australian arm of...

  1. 2,250 Posts.


    PMI is a great business. A niche really.

    The Australian arm of the US listed insurer run a very profitable outfit.

    I honestly didnt want QBE to acquire IAG. IAG may be big domestically (well in NSW), they are a slow laggard corporate with alot of fat. Very inefficient.

    This deal epitomises what QBE do. They pick and choose profitable outfits and mold them into the corporation.
 
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