Why QBE Insurance Is Down 4.20% after Flagging $130 Million in Savings
Australia’s third largest insurer has shed 4.33% of its share price at the beginning of trade this morning. QBE Insurance Group Ltd [ASX:QBE] dropped 45 cents today, currently trading at $9.94, despite this morning’s announcement of the company saving $130 million from a three-year operational efficiency effort.