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'No exit' for QBE LMI

QBE Insurance Group has made clear its commitment to its lenders mortgage insurance division, following speculation in Banking Day on Thursday it may be seeking an exit.

“QBE remains committed to providing Lenders Mortgage Insurance with no plans to exit. We will continue to partner with lenders as we have done so for over 50 years” a spokesperson said.

QBE LMI is the former MGICA business. Its primary customer is NAB.

 

 

 

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