QBE Shares Hit 52-Week High as Insurer Faces Australia CEO Handover
QBE Insurance Group Limited shares ended Wednesday at A$25.40, up 1.64%, after touching A$25.49, a 52-week high, as investors absorbed a leadership change at the insurer’s Australia Pacific business. QBE said Sue Houghton, chief executive of Australia Pacific, plans to retire at the end of 2026. The ASX was not yet in normal trading at publication. Normal trading on the Australian Securities Exchange runs from 10 a.m. to 4 p.m. Sydney time, leaving Wednesday’s close as the latest full-session read before Thursday’s open.