ECB's QE bazooka is bad news for insurers

European Central Bank (ECB) president Mario Draghi's decision
to launch EUR1.1trn of asset purchases over the next 18 months is
"bad news" for insurers' investment portfolios,
according to asset managers.
Yesterday (22 January) Draghi unveiled his plans for the bank to
embark on a EUR1.1trn round of quantitative easing (QE), designed
to kick-start the anaemic European economy.
But while quantitative easing is potentially good news for
Eurozone economies facing the prospect of d