"Wesfarmers may have to divest of the OAMPS book - to someone...

"Wesfarmers may have to divest of the OAMPS book - to someone like QBE; but then again, who has the money for such a large book?"

I would think WES would welcome the revenue stream from insurance, including its Lumley brand. QBE would have no interest in OAMPS. Remember they already (along with Allianz Australia) hold majority in rival broker Austbrokers.