Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Florida’s Heritage Insurance Hopes to Raise $100 Million in IPO
Apr 25 2014 // A Florida property insurer that provides insurance coverage to 128,000 homeowners is planning to go public by issuing an initial public offering (IPO) that could result in the insurer raising up to $100 million in new...
Genworth Financial to Raise as Much as $700 Million in Australia Offer
Apr 23 2014 // Genworth Financial Inc. plans to raise as much as $700 million by selling a minority stake in its Australian mortgage guarantor, in what may be the biggest share sale in the country for more than three years. The seller of...
Apollo, CVC Raise $398.5 Million in Brit Insurance IPO
Mar 28 2014 // Apollo Global Management LLC and CVC Capital Partners Ltd. raised £240 million [$398.5 million] in an initial public offering of Brit Plc, a Lloyd’s of London insurer. The two private equity firms, along with...
Allied World Proposes 35% Dividend Increase, Share Repurchase; 3 to1 Stock Split
Mar 4 2014 // Allied World Assurance Company Holdings, AG announced that in its recently filed Preliminary Proxy Statement with the U.S. Securities and Exchange Commission, the company’s Board of Directors has proposed the...
RSA to Raise $1.3 Billion in Share Sale, Cuts Final Dividend
Feb 27 2014 // RSA Insurance Group Plc confirmed reports that it plans to raise £775 million ($1.3 billion) in a share sale and scrapped its final dividend to replenish capital depleted by a scandal at its Irish unit and appease...
Wyoming Event Raises $56,000 For Blizzard-Hit South Dakota Ranchers
Nov 14 2013 // An auction in Gillette, Wyo. raised $56,000 for ranchers in South Dakota who lost nearly 20,000 head of cattle in a blizzard last month. The Gillette News-Record reported nearly 500 people attended Saturday’s auction...
Gala, Insurance Industry Raise $2 Million for City of Hope
Nov 4 2013 // The National Insurance Industry Council raised more than $2 million this year in the ongoing battle to cure cancer and diabetes, it was announced Monday. A large portion of the funds were raised by the City of Hope’s...
Ohio’s Norman-Spencer Agency Raises Over $55K for March of Dimes
Oct 9 2013 // The Norman-Spencer Agency Inc., a national property/casualty insurance provider, announced it raised over $55,000 through a 5K run, golf outing, and silent auction dinner held on Sept. 16, 2013, in Dayton, Ohio, for the...
RBS Seeks to Raise as Much as $1 Billion from Direct Line Stake
Sep 20 2013 // Royal Bank of Scotland Group Plc is seeking as much as £630 million ($1.009 billion) from its third sale of a stake in Direct Line Insurance Group Plc, the U.K.’s biggest home and car insurer. RBS will offer 272.7...
Massachusetts Insurance Settlement Raised to $5.25M
Jun 20 2013 // A company authorities say used deceptive practices to sell supplemental health insurance to veterans and other Massachusetts residents will now pay more than $5 million to settle case. Attorney General Martha Coakley said...
Aspen Announces $150 million Accelerated Share Repurchase Program
Feb 27 2013 // Bermuda-based Aspen Insurance Holdings Limited announced that it has entered into an Accelerated Share Repurchase (ASR) agreement with Goldman, Sachs & Co. to repurchase an aggregate of $150 million of Aspen’s...
XL Group Launches $850 Million Share Buyback; Raises Dividend
Feb 22 2013 // XL Group plc announced from its Dublin, Ireland headquarters that its Board of Directors has approved a new share buyback program, authorizing the Company to purchase up to $850 million of its ordinary shares. The previous...
Texas Online Insurance Comparison Start-Up Raises $1.5M
Jan 31 2013 // Insurance Zebra, a Texas-based online insurance comparison platform, announced it has raised $1.5 million in start-up capital from a group of high profile investors. Investors included Silverton Partners, Mark Cuban, Mike...
Swett Gala to Pay Tribute to Wounded Soldiers, Raise $1M
Jan 23 2013 // During an event this weekend at the Cosmopolitan in Las Vegas hosted by the “Swett Warriors” organization several large firms in the insurance industry plan to raise funds and awareness for injured veterans. On...
AXIS Capital Announces New $750 Million Share Repurchase
Dec 19 2012 // Bermuda-based AXIS Capital Holdings Limited announced that the Company’s Board of Directors has authorized the repurchase of $750 million of the Company’s common shares from “time to time in open market...
AIG May Raise up to $6.5 Billion through AIA Share Sale – Sources
Dec 17 2012 // American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the U.S. insurer started nearly 100...
AIR Worldwide Raises Sandy Insured Loss Estimates to $16-$22 Billion
Nov 26 2012 // Catastrophe modeling firm AIR Worldwide today revised up its industrywide Sandy insured loss estimates to the $16 billion-$22 billion range. AIR Worldwide had previously estimated on Oct. 30 — the day after Sandy...
China’s PICC Group to Raise up to $4 Billion in Hong Kong IPO
Nov 15 2012 // Chinese state-owned insurer PICC Group started meeting institutional investors in Hong Kong on Thursday to gauge demand for a listing worth up to $4 billion, braving a slump in equity deals with the city’s largest...
AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion
Sep 7 2012 // American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, placing the shares at a surprise premium although analysts were disappointed at the...
U.S. Treasury to Raise $5B from AIG Stock Sale
Aug 6 2012 // The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of American International Group stock, cutting the government’s stake in the bailed-out insurer to 55 percent. The sale, which...
