QBE still mopping up

QBE is trying for a fresh start under new chief executive John Neal. But first he must tackle some problem insurance portfolios.

In the insurance game, success is measured not by the policies you write, but the ones you don’t.

2011 was a record year for claims, calling for remedial action. Premiums have since increased and QBE has lowered its exposure to poor performing businesses by selling them, winding them down or simply writing fewer policies.


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