JDC TECHNICAL EVALUATION REPORT

Subject: QBE LPT

Reference UID: 6041

Market Authority: London & International Markets

Case Ref: 000100Q011A01

Date: 16^th March 2026

Status

In progress.

Lead: Strategic Global Asset Shift. QBE has executed a structured Loss Portfolio Transfer (LPT) involving a diversified set of European commercial risks.

Detail: The liabilities have been moved to a newly formed Munich-based entity. This “reinsurance to close” style arrangement allows QBE to optimize its capital allocation while ensuring that long-tail commercial risks are managed by specialists in the European run-off sector..

Additional Comment

N/A