Login
ISCOVER
Mortgage insurer PMI Australia today announced that it has changed its name to QBE Lenders’ Mortgage Insurance Limited (QBE LMI).
The announcement follows QBE’s announcement to the ASX last week that it had completed its acquisition of PMI.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Following the announcement, Standard & Poor’s and Moody’s have affirmed the insurer’s AA- and Aa3 ratings respectively.
Ian Grahan, QBE LMI chief executive, said “in this uncertain environment we believe customers will clearly benefit from the financial strength, expertise and operational excellence of QBE, and will welcome the stability brought by this change in the new ownership of business.”
Published: 29-10-08
Related Articles
QBE purchases PMI Australia 15-08-08
Today's other news
- Mainstream media ignorance blamed for bad broker press
- St George profit up
- Businesses appetite for debt waines
- Q3 business conditions slump
- Firstfolio introduces New-Loan SMSF product
