April 14 (Reuters) - Australia's QBE Insurance Group (QBE) on Tuesday said it was looking to boost its capital through an equity raising to stave off the impact from the coronavirus outbreak and also posted a strong premium growth in the first quarter.
The company is looking to raise about $750 million through an institutional placement and $75 million through a share purchase plan.
Despite the disruption from the pandemic, the insurer posted an over 9% rise in gross written premiums in the first quarter.
News: QBE Australia's QBE Insurance to raise capital to counter coronavirus pressures
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Last
$21.58 |
Change
0.150(0.70%) |
Mkt cap ! $32.58B | |||
| Open | High | Low | Value | Volume |
| $21.85 | $21.85 | $21.49 | $91.08M | 4.210M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $21.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.66 | 1078 | 2 |
View Market Depth
| Last trade - 16.10pm 22/08/2025 (20 minute delay) ? |
| QBE (ASX) Chart |