QBE out of the doghouse

Discarded in December, hot in June. QBE has endured a wild six months.

From doghouse to best in show. QBE chief John Neal may have been in the job less than a year but already he’s experienced the wild swings in fortune meted out by financial markets.

Late last year, the international insurance group was on the ropes. A series of hefty claims combined with a touch too much debt sent its share price plummeting, at one stage hovering just above $10.

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