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S&P revises QBE Insurance Group's outlook

S&P Global Ratings on May 11 revised to positive fromstable the outlook on QBEInsurance Group Ltd., its strategic units and its core operatingentities.

The outlook on QBE Insurance Group reflects the agency's expectationsfor the group to demonstrate in the medium term an improving earnings profilewith less volatility, greater reserve stability and a return to top-line growth.

The rating agency also affirmed the financial strength andissuer credit ratings at A+ of the group's core operating companies and theissuer credit ratings at A- of QBE Insurance Group.

The outlook was maintained at stable for the group'sstrategically important subsidiaries: QBE Lenders' Mortgage Insurance Ltd., and Lloyd'sSyndicate - 2999 (QBE Underwriting Ltd.)

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.