QBE Insurance Group Limited ABN 28 008 485 014

Level27, 8 Chifley Square. SYDNEY NSW 2000 Australia

GPO Box 82. Sydney NSW 2001

telephone + 612 9375 4444 • facsimile + 612 9231 6104 www.qbe.com

25 May 2017

The Manager

Market Announcements Office ASX Limited

Level 4

Exchange Centre 20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

Senior Management Update

Please find attached an announcement for release to the market. Yours faithfully,

Carolyn Scobie

Company Secretary

Encl.

e QBE

MARKET RELEASE

25 May 2017

SENIOR MANAGEMENT UPDATE

QBE Insurance Group Limited (ASX:QBE) is pleased to announce the appointment of Michael Ford as Group Chief Financial Officer.

Michael is currently the Deputy Chief Financial Officer for the Commonwealth Bank of Australia (CBA). He joined the bank in 2005 and held a number of senior finance roles before his appointment as Deputy CFO in 2011. Prior to this he held senior roles at MLC, National Australia Bank's (NAB) wealth management division, and Lendlease Group.

John Neal, Group Chief Executive Officer, said of the appointment, "Michael brings to QBE more than 25 years' experience in finance. In his current role he is responsible for all aspects of the bank's Group Finance Function, this includes Financial Planning & Analysis, Treasury Finance, Capital Forecasting and Stress Testing, Investment Development and Taxation, and leads a team of more than 500 people at one of Australia's largest corporations."

Michael will join QBE in September 2017 and will be based in the company's Head Office in Sydney.

At that time, Pat Regan will relinquish his Group Chief Financial Officer responsibilities and step down from the Board to focus on his permanent role as Chief Executive Officer, Australian & New Zealand Operations.

- ENDS -

For further information, please contact:

Investor Relations

Group Head of Investor Relations Tony Jackson

Tel: +61 (2) 9375 4364

investor.relations@qbe.com

QBE Insurance Group Limited

ABN 28 008 485 014

8 Chifley Square

SYDNEY NSW 2000

Australia

www.qbe.com

Media Enquiries

David Symons

Cell: +61 (0) 410 559 184

Email: david.symons@qbe.com

QBE Insurance Group Limited is listed on the Australian Securities Exchange, is one of the top 20 global insurance and reinsurance companies as measured by net earned premium and has operations in 37 countries

QBE Insurance Group Ltd. published this content on 25 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 May 2017 00:04:29 UTC.

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