JDC TECHNICAL EVALUATION REPORT

Subject: QBE UNDERWRITING LIMITED / Casualty Sidecar Back-Book

Reference: UID 6075

Market Authority: London & International Markets

Case Ref: QBE-GSR-02

Date: 18.05.2026

Status: Sidecar Securitization // GSR-02

Case Summary (Tier 4): Tracking long-tail liability containment following Compre’s strategic slice of the maiden George Street Re sidecar.

Case Detail (Tier 5):

Full transactional closing dossier attached. This file contains the granular asset-backed securitization schedules for the George Street Re maiden sidecar, detailing the exact retrocessional boundary lines between QBE Syndicate 386’s long-tail casualty blocks and Compre’s legacy capital vehicle.

Additional Comment:

N/A