QBE cuts profit margin forecast on Sandy
Agencies: Sydney, Nov 12 2012, 15:46 IST
to 50 countries, has often seen the downside of its global expansion in recent years as at least one of its key markets has experienced unprecedented claims.
The insurer said it will raise $500 million in subordinated convertible debt securities to repay short-term debt and increase the capital at its U.S. units.
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