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Summary: QBE Underwriting - Syndicate 2999 Dec 11
Standard & Poors, December 2011
Standard & Poor's Ratings Service's assessment on QBE Underwriting - Syndicate 2999 (the syndicate) reflects the strength of support provided to the syndicate by its membership of the strategically aligned Australia-based QBE Insurance Group Ltd. (QBE or the group; A/Stable/--; core operating subsidiaries are rated A+/Stable/--). It also benefits from its strong enterprise risk management (ERM) capabilities and improved recent earnings momentum. These positive factors are partially offset by doubts surrounding the syndicate's ability to consistently outperform the Lloyd's Market average. Syndicate 2999 is closely strategically aligned with QBE. It forms an integral part of the group's operation at Lloyd's, which Standard & Poor's considers core to QBE. The syndicate brings significant diversification benefits and underwriting expertise to the group....
Companies mentioned in this report are: QBE Underwriting - Syndicate 2999,Lloyd's
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QBE Underwriting - Syndicate 2999,Lloyd's