Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
10th Annual IICF Northeast Charitable Gala in New York Raises Record $1.4M
Jan 9 2017 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, had more than 900 insurance professionals attend its 10th annual...
Fairfax Plans to Raise $1 Billion in IPO for Fund to Make Africa Investments
Dec 28 2016 // Fairfax Financial Holdings Ltd., the Canadian insurer that made its largest acquisition last week, is selling shares in an initial public offering for a fund that will make investments in Africa. The company is seeking to...
10th Annual IICF Northeast Charitable Gala in New York Raises Record $1.4M
Dec 20 2016 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, has announced that more than 900 insurance professionals attended its...
Dolly Parton Telethon Raises $9M for Tennessee Wildfire Victims
Dec 20 2016 // Dolly Parton says a star-studded telethon for those affected by recent wildfires in her native Tennessee has brought in about $9 million. Parton headlined the event on Dec. 13 that was broadcast on several cable networks...
‘Disruptor’ Hippo in California Raises $14M in New Funding Round
Dec 14 2016 // Mountain View, Calif.-based startup Hippo today announced it has closed a $14 million Series A round. The funding was led by Horizons Ventures, which invests in disruptive technology and startups. It was joined by RPM...
IICF’s Midwest Division Raises More Than $8K in World Series Fundraiser
Nov 18 2016 // The Insurance Industry Charitable Foundation’s (IICF) Midwest Division raised more than $8,000 through its World Series-related fundraiser to support its Midwest Division Community Grants Program. The program helps...
Indio, Tech Startup for Commercial Insurance Brokers, Raises $2 Million
Nov 1 2016 // Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth managers, said it has secured $2 million in seed financing. Venture capital firms NEA, Compound,...
Venbrook Raises $42M in Financing, Buys New Jersey’s Brooks Insurance Group
Oct 21 2016 // Venbrook Group nailed down $42 million in new financing from Madison Capital Funding, a subsidiary of New York Life, and some of the money has already helped back an acquisition that expands its scope in the U.S....
Bermuda-Based Somerset Re Raises Capitalization to $375 Million
Oct 21 2016 // Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a diverse group of high net worth investors. Somerset Re provides customized...
Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million
Oct 20 2016 // Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital...
Venture Capital, Traditional Insurer Interest in Insurtech Remains High
Aug 24 2016 // Even though venture capital investments in venture capital-backed financial technology (fintech) companies fell more than 50 percent globally during the second quarter of 2016, interest in insurance technology startups...
Fosun Plans to Sell as Much as $6 Billion in Assets to Raise Credit Rating
Aug 1 2016 // Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After announcing more than...
BP Raises Liability by $5.2 Billion for Deepwater Horizon Spill
Jul 18 2016 // BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in U.S. history, by $5.2 billion to $61.6 billion before tax. The London-based company expects to...
AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M
Jul 6 2016 // Harrington Re, a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to beef up underwriting and investment plans put forth by its sponsor. Blackstone Group will...
Delta Lloyd to Raise $226M with Sale of Stake in Van Lanschot
Jun 9 2016 // Delta Lloyd NV may raise as much as 198.4 million euros ($226 million) through the sale of its stake in wealth manager Van Lanschot NV after shares were priced at 16 euros apiece. The offering size was 180 million euros...
Liberty Mutual Starts $150M Venture Capital Fund for Instech
May 20 2016 // Liberty Mutual Global Consumer Markets has formed a new venture capital initiative focused on technology and the insurance industry. Liberty Mutual Strategic Ventures (LMSV), a $150 million early stage venture fund, is...
Startup Embroker Raises $12.2M; Offers Firms Control Over Insurance Buying, Management
May 17 2016 // Investors have given $12.2 million to fund an insurance broker offering a cloud-based risk and insurance management system for small and mid-sized businesses. The broker, Embroker, promises to empower commercial lines...
Lyft Raises Offer to Drivers to $27M in Contractors V. Employees Suit
May 12 2016 // Lyft Inc. raised its proposed payout to 163,000 California drivers to $27 million in their lawsuit to be treated as employees rather than contractors. The revised settlement comes after a San Francisco federal judge...
Florida’s Universal Insurance Holdings Raises $10M in Share Sale
Apr 29 2016 // Florida-based Universal Insurance Holdings Inc. has raised an additional $10 million in capital by selling shares to one of its reinsurers. Universal said it sold 583,771 shares of common stock to RenaissanceRe Ventures...
French Startup Drivy (‘Airbnb for Cars’) Raises $35M to Expand; Insured by Allianz
Apr 28 2016 // Drivy, a French startup that lets people hire out their cars in much the same way Airbnb runs a market for houses, said Thursday it raised 31 million euros ($35 million) to fund its continued expansion across...
