QBE Insurance has said that in relation to the 2006 final dividend, the dividend reinvestment plans and the dividend underwriting arrangements previously announced have raised approximately $452m.
The number of shares to be issued is 14.6m at a volume weighted average price of $30.90 per share.
Frank O'Halloran, group chief executive, said: "The funds raised are part of our previously announced financing of the US acquisitions."
Settlement is due 23rd March under the dividend underwriting and its shares are intended to be issued and listed for trading that day.
