An American anchor drags on QBE’s renewal

The market continues to punish QBE Insurance Group amid further guidance downgrades as its troubled US operations drag. John Neal will be hoping his strategic overhaul eventually hits the mark.

When John Neal announced a steep decline in interim earnings and a halving of QBE Insurance Group’s dividend after disclosing continuing problems within its US operations, the market remained sceptical that it had got to the bottom of its US issues.

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