TP=$18?, page-12

Rothet,

I would think both QBE and AMC would both benefit from the same catalyst which is pushing QBE's share price up an that is interest rates in America. QBE because of it's bond holdings and AMC because rising interest rates equals economy growing.

QBE was a serial buyer of other businesses also but didn't seem to learn from it's mistakes which I believe AMC's management have. If AMC can continue it's strong growth into North America, get it's Europe side of things in order and control it's exposure to emerging markets as it has then I think it will outpace QBE.

Disaster for QBE is only a disaster away. A insurance company that relies on raising interest rates to boost it's bond returns seems a bit disconnected from it's actually business to me.

Warrigals