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(1)
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a+ of QBE Europe nv/sa (Belgium), QBE UK Limited (United Kingdom), and the pooled members of QBE North America Insurance Group (see list below). The outlook of the Long-Term ICR has been revised to negative from stable, while the outlook of the FSR is stable. These companies are key operating subsidiaries of QBE Insurance Group Limited (QBE) (Australia), the non-operating holding company of the QBE group of companies.
In addition, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of bbb+ of QBE, which AM Best has concurrently withdrawn at the company s request.
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