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QBE Underwriting Ltd

Managing Agent Name: QBE Underwriting Limited [QUL]

Subject: Updated Syndicate Investment Strategy

Syndicate Affected: 386

QUL notes the following proposal to update the existing investment strategy in respect of Syndicate 386:

Further to Auction Disclosure D2013008 (20th September 2013), it is now proposed to update the syndicate’s investment strategy to expand the suite of permissible growth assets  to include emerging market debt, emerging market equities and global high yield debt; asset allocation to growth assets will be limited to 10% of funds under management.

Date issued: 28 September 2015

Contact Information

Agency contact name: Robert Nias

Agency contact no: + 44 (0) 207 1054071

For auction office use only: D2015010

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