Latin American risk mars QBE's report card

After finally getting its North American business under control, the news that QBE is facing legacy issues within its Latin American business is another blow to shareholders. Prudent management, combined with a dose of luck, is desperately needed.

John Neal would be as frustrated as QBE Insurance Group’s shareholders. Just when he thought he was getting on top of the myriad of issues that have bedevilled QBE in recent years, another legacy issue has emerged to undermine its performance and destabilise its share price.

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