Neal struggles to plug holes in QBE

After releasing the gory details beneath its headline profit number, which was down 18 per cent to $392 million for the six months, the best the company could offer shareholders in the way of an outlook was that insurance margins will be between 8 per cent and 9 per cent and it would have "nominal" growth in 2015.

In the six months to June 30 gross written premium in its European business was down 13 per cent due to various "remediation initiatives", including the exit from bloodstock.

Read more here: SMH


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