Report
David Ellis
EUR 147.86 For Business Accounts Only

QBE Set to Benefit from Higher Long-Term Interest Rates; AUD 14 FVE Unchanged.

Global general insurer, QBE Insurance Group, is set to benefit from the recent surge in long-term bond yields. Longer-term bond rates had been edging up over the previous two months and we are particularly pleased with the sharp increase in bond rates since the U.S Presidential election and see it as a catalyst for better times ahead for QBE. Recent international developments add weight to our positive long-term view and our unchanged AUD 14 fair value estimate. Our 2016 earnings forecasts are u...
Underlying
QBE Insurance Group Limited

QBE Insurance Group engages in underwriting general insurance and reinsurance risks, management of Lloyd's syndicates and investment management. Co.'s segments are: North American Operations, which writes general insurance and reinsurance in the U.S.; European Operations, which writes general insurance in the U.K., Canada and mainland Europe; Australian and New Zealand Operations, which underwrites general insurance risks in Australia and New Zealand; Emerging Markets, which writes general insurance in North, Central and South America and provides personal, commercial and general insurance covers in the Asia Pacific region; and Equator Re, which provides reinsurance protection in Bermuda.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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