April 14 (Reuters) - Australia's QBE Insurance Group QBE.AX 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.