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QBE at Lloyd's / Credentials |
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Credentials
Security
In total QBE Underwriting Limited has:
- £1.12bn of capacity under management for 2008
- over £700m of Funds at Lloyd's (FAL)
- £2.3bn of total funds under management (as at 30th September 2006 excluding FAL)
- QBE Insurance Group (S&P rated A+) as its ultimate parent company, who provide 91% of QBE's underwriting capital at Lloyd's for 2008
- the security benefits of operating within the Lloyd's market, S&P rated A+ (Strong), AM Best A (Excellent). For further Lloyd's security information see: Lloyd's financial security.
Capacity and Net Assets
QBE Underwriting Limited capacity and resultant net assets have witnessed significant growth since 1999, as demonstrated below:
| |
Aggregate allocated capacity
of all managed syndicates |
Net assets |
|
| 1999 account £m |
799.1 |
Year ended
31 Dec 1999 £000 |
4,068 |
| 2000 account £m |
816.0 |
Year ended
31 Dec 2000 £000 |
6,383 |
| 2001 account £m |
835.6 |
Year ended
31 Dec 2001 £000 |
5,620 |
| 2002 account £m |
879.6 |
Year ended
31 Dec 2002 £000 |
5,027 |
| 2003 account £m |
1,040.0 |
Year ended
31 Dec 2003 £000 |
17,211 |
| 2004 account £m |
1,213.0 |
Year ended
31 Dec 2004 £000 |
18,635 |
| 2005 account £m |
975.0 |
Year ended
31 Dec 2005 £000 |
50,461 |
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