Outlook stable
Fitch Ratings has reviewed and affirmed the ratings of QBE Insurance Group and its main operating subsidiaries. Ratings covered by this affirmation include the 'A+' Insurer Financial Strength ratings of QBE's main operating subsidiaries.
The outlook on all the ratings is stable.
Fitch said the ratings for QBE reflected a good level of diversity, robust management controls and a prudent approach to reserving and capitalisation.
John Miles, senior director at Fitch Ratings said: "While QBE has built significant presence in a number of international primary insurance and reinsurance markets, principally by means of acquisitions - of which it has completed around 100 over the past 25 years - risks are generally well managed."
He added: "Furthermore, all businesses within the group are supported by experienced management, which places an appropriate emphasis on underwriting and risk control."
