Ann: Trading Halt, page-95

Bought this morning at 7.41. Half my eventual desired allocation. I have watched QBE for bloody years waiting for this moment.

And... just filled the second half at 7.32.

On noomxx's concerns immediately above, insurers cannot expect an interest rate return on invested funds and must make their entire return on premiums. This is true for all insurers. Insurers invested in stocks have lost hard and would envy QBE's positioning wholly in interest rate assets. I note QBE was demonstrating pricing power in Q1, before the implications of the Coronavirus shutdown was clear. If world economies move to negative interest rates, QBE would make a gain on the instruments it holds and proceed to raise premiums again. I hope that makes sense.

Negative interest rates would be evidence of widespread deflation. The most advantaged in such an environment would be cash bladders like QBE.
I think it vey well placed in these tulmultuous times.

GLTAH

Ash