QBE's Neal in the eye of the storm

QBE's stock battering follows a claims blowout that's about more than just Sandy, and as the insurer's credibility comes under the spotlight John Neal will have his work cut out.

Insurance companies are by definition accident prone. QBE, after a long run where it defied the odds, is now in one of those periods where everything that can go wrong is going wrong and the market doesn’t like it.

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