Many thanks linc.I wholeheartedly agree on the major benefits of...

Many thanks linc.

I wholeheartedly agree on the major benefits of premium increases. Insurers are making nearly nothing on their investments - particularly insurers entirely in cash and bonds, as QBE is. Until interest rates rise, profits must be made at underwriting or the business will die. It is that simple.

I think you draw a long bow claiming longer-dated bonds are a panacea. If I rates go up as you suggest, their value will fall hard and erase any interest gains. Be careful what you wish for.

More detail on the cost of CV-19 will be in the FY results. QBE has already foreshadowed a loss of $1.5b.

I have bet QBE is entering a new cycle after falling for 13 years. FY results 18 Feb will tell all.

Ash