QBE vows to fight class actions

John Neal pledges to vigorously defend company against class actions.

QBE Insurance chief executive John Neal has pledged to vigorously defend itself against class actions, after Maurice Blackburn called on long-suffering shareholders to register their interest in holding the global insurer to account for its recent savage profit warning.

Speaking after QBE’s annual general meeting where he vowed to deliver more predictable earnings, Mr Neal said he was not worried “at all” about potential class actions and assured the board had met its disclosure obligations.

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