QBE edges higher before euro debt action, eyes on capital buffer
QBE Insurance Group Limited ended Wednesday 2.40% higher at A$23.42 as investors stuck with the insurer’s 2026 outlook. A capital-management update late in the day brought attention to the balance sheet again. QBE beat the S&P/ASX 200’s 0.57% rise and is close to its 52-week peak of A$24.32. QBE said after markets shut it might sell euro-denominated fixed-rate subordinated notes from its note program, depending on market terms. The insurer plans to use proceeds as Tier 2 capital to support loss coverage and regulatory requirements.