Australia's QBE to buy ZC Sterling for $575 mln
SYDNEY, Nov 26 (Reuters) - QBE Insurance Group Ltd (QBE.AX), Australia's top insurer by premium income, agreed to acquire U.S.-based underwriting agency ZC Sterling Corp for $575 million, QBE said in a statement on Wednesday.
QBE also plans to raise A$2 billion ($1.3 billion) through share placement. ($1=A$1.53) (Reporting by Denny Thomas;)











