0350 GMT - QBE Insurance is well-placed to capture a significant slice of the global market for insuring data centers, says Morgan Stanley. It estimates the insurance premium opportunity for the sector at more than US$130 billion. "We see QBE generating US$1 billion of new data center premiums by 2030," analyst Andrei Stadnik says. MS says global data center capacity is likely to expand at a compound annual rate of 22% through to 2030. In Australia, the forecast compound annual growth rate is 18%. "QBE's leading Lloyd's presence and speciality expertise positions it well to capture this growth," MS says. "QBE also has growth in the fast-moving cyber market." MS retains an overweight call on QBE. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 08, 2026 23:50 ET (03:50 GMT)

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