What: Fund Manager Justin Braitling who runs over $300 million including the listed investment company (LIC) Australian Leaders Fund Limited (ASX: ALF) has highlighted in a recent report why investors in insurance stocks such as Insurance Australia Group Ltd (ASX: IAG) and Suncorp Group Ltd (ASX: SUN) should be careful.
Braitling notes that the profit margins of Australian insurers are amongst the highest in the world which of course makes the sector ripe for competition.
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