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Delphine GEORGES, Viviana GISIMUNDO, Jung Hun KIM MOON
The beginning of 2015 holds the prospect of a new quantitative easing programme from the European Central Bank. The 50% increase in the ECB’s balance sheet announced by Mario Draghi will certainly have major consequences, including confirmation that short rates will be kept at zero and that long rates will decline further.
Global Head of Research
Insurers have made significant efforts to improve solvency levels, to remit cash up to the holding company and to return this to shareholders. The attractive dividend yield and potential for additional capital return in some cases has started to attract investors’ attention.
Esther DIJKMAN DULKES
Equity Analysis at Paris