QBE INSURANCE GROUP LIMITED QBE Insurance Group Limited ABN 28 008 485 014
Level 27, 8 Chifley Square, SYDNEY NSW 2000 Australia
GPO Box 82, Sydney NSW 2001
telephone + 612 9375 4444 • facsimile + 612 9231 6104
www.qbe.com
16 January 2015
The Manager
Market Announcements Office
ASX Limited
Level 4
Exchange Centre
20 Bridge Street, SYDNEY NSW 2000
Please find attached an announcement for release to the market. Yours faithfully
Peter Horton
16 January 2015
QBE GROUP CREDIT RATING CONFIRMED BY AM BEST AND OUTLOOK REVISED
AM Best today affirmed QBE Group's insurer financial strength (FSR) ratings at 'A' in relation to key QBE operating subsidiaries and issuer credit ratings (ICR) at "bbb". The rating outlook has been revised from "Negative" to "Stable".
QBE Group CEO John Neal said "the revised outlook recognises that key initiatives announced in August 2014 to strengthen the Group's capital position and reduce risk are having the intended impact.
QBE Group has an ongoing commitment to maintaining our capital strength, and insurer financial strength ratings from AM Best and Standard and Poor's are the ratings most important to our customers and brokers. We are pleased that, following a thorough review, AM Best now considers QBE Group's capital position to be strong and the ratings outlook stable. Our capital position puts QBE on a firm footing for the future."
QBE Group will release its Annual Results on Tuesday, 24 February 2015. For further information, please contact:
Group Head of Investor Relations
Tony Jackson
Tel: +61 2 9375 4364 investor.relations@qbe.com
David Symons
Tel: +61 (2) 9212 4666
Cell: +61 (0) 410 559 184
Email: david@catocounsel.com.au
- ENDS -
QBE Insurance Group Limited
ABN 28 008 485 014
82 Pitt Street
SYDNEY NSW 2000
Australia
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