A robust balance sheet is QBE's best insurance

QBE's announcement of a capital plan and asset sales should create a more stable base for the group amid its volatile operating environment.

John Neal’s announcement of a range of moves to shore up QBE Insurance Group’s balance sheet raises the question: what is he is fearful of?

With the foreshadowed 18 per cent decline in interim earnings to $US392 million, Neal also unveiled what QBE termed a "comprehensive capital plan".

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