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QBE Insurance Group Affirms Financial Strength Rating by S&P Global Ratings

12 Oct 2017  |  15:17:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: QBE Group's Financial Strength Rating affirmed by S&P

QBE Insurance Group advised that S&P Global Ratings affirmed the 'A+' financial strength ratings on the Company's core operating Companies and 'A-' issuer credit rating (ICR) on the Company. The existing "Positive" rating outlook on the core operating entities and other subsidiaries has also been maintained. S&P recognized that while the Company's full year 2017 operating performance has been impacted by atypical natural disasters and extreme weather events, "a very strong business franchise and solid risk profile, incorporating a very strong capital adequacy, continue to underpin the ratings."

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