QBE’s Catastrophe Claims Costs Skyrocket Following Hurricanes and Earthquakes. FVE Unchanged
Narrow moat-rated general insurer QBE Insurance disappointed with an update from the recent devastating hurricanes Harvey, Irma, and Maria which impacted the Gulf of Mexico, the Caribbean and Florida, as well as the Mexican earthquakes. Although cold comfort for shareholders, the global insurer confirmed 2017 will likely prove to be the costliest year in the history of the global insurance industry. Despite significant uncertainty in estimating large individual risk and catastrophe claims costs,...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.
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.
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