QBE has forecast gross written premium for its lenders' mortgage insurance business of A$300 million for the calendar year 2012. This nugget is the only piece of financial data relating to the LMI business disclosed by QBE Insurance Group in its 2011 financial results, which were released yesterday. The 2011 gross written premium for QBE LMI is yet to be disclosed. According to APRA data, QBE LMI reported gross premium revenue in the year to December 2010 of $362 million. Royal Bank of Scotland has closed its fixed-interest trading business in Australia, the Australian Financial Review reported on its website yesterday, citing an internal notice as the source. The closure affects around 80 staff. RBS will continue to distribute fixed-income product to investors. Malaysian bank on Monday confirmed that it was in talks to buy the equities capital markets' business of RBS in Asia, which includes the ECM operation in Australia.