Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Kingsway Names Two Execs, Private Placement Raises $10 Million
Oct 3 2003 // William G. Star, President & CEO of Toronto based truck and non-standard auto insurer Kingsway Financial Services Inc., announced the appointments of John McGlynn as President and CEO of Kingsway General Insurance...
Meadowbrook Raises $10 Million in Trust Preferred Pooled Transaction
Oct 2 2003 // Southfield, Mich.-based Meadowbrook Insurance Group Inc. announced today that the Company has raised approximately $10 million at the holding company level, in a trust preferred pooled transaction. The securities, which...
Commerce Group Files Registration Statement to Raise $300 Million
Sep 30 2003 // Massachusetts-based Commerce Group, Inc. announced that it has filed a registration statement with the Securities and Exchange Commission for a public offering of $300 million of senior unsecured notes. The Company said it...
InVEST Students Participate in IIABA’s InfoXchange; Silent Auction Raises $38,000 for Student Scholarships
Sep 30 2003 // InVEST, an education program to strengthen the insurance industry by attracting a large pool of qualified insurance recruits, hosted 60 high school students at a “job shadow” event held during the recent...
PIANJ Golf Classic Raises Record $40,000 to Benefit Special Olympics
Sep 23 2003 // The Professional Insurance Agents of New Jersey Inc. held its 20th annual PIANJ Golf Classic, raising a record $40,000 for Special Olympics New Jersey (SONJ) from the sold out event. The tournament, co-sponsored by The...
Progressive Announces Share Repurchase
Sep 18 2003 // Mayfield Village, Ohio-based Progressive Corp. announced that it purchased 200,000 of its common shares, $1 par value, from Peter B. Lewis, the company’s chairman of the board, through an entity owned and controlled...
State National Raises $7.5 Million
Aug 22 2003 // State National Companies (www.statenational.com), based in Fort Worth, announced it has raised $7.5 million in capital through the issuance of floating rate trust preferred securities by T.B.A. Statutory Trust II. The...
Safety Insurance Raises Q3 Dividend to $0.10 Per Share
Aug 22 2003 // The Board of Directors of Boston’-based Safety Insurance Group, Inc., one of Massachusetts leading personal auto insurers, approved a $0.10 per share quarterly cash dividend on its issued and outstanding common...
Shepard Raises Offer for 8 Million Shares of State Auto Financial
Jun 24 2003 // Investor Greg Shepard, who owns about 5 percent of Columbus, Ohio-based State Auto Financial Corp., offered to commence a tender offer for 8 million of State Auto’s 10.9 million public shares at $30 each. Shepard...
The Hartford’s Capital Offerings Raise $1.95 Billion
May 27 2003 // The Hartford Financial Services Group, Inc. has released a bulletin indicating that the public offerings, announced on May 14, have been completed, raising gross proceeds of approximately $1.95 billion. “About $1.1...
APCapital Raises $15 Million
May 27 2003 // East Lansing, Mich.-based American Physicians Capital Inc. announced that it completed its second trust preferred pooled transaction this month, raising an additional $15 million at the holding company. The securities,...
Platinum Raises 2003 Earnings Forecast; Will Take $9.5 Million Charge
May 15 2003 // Platinum Underwriters Holdings, Ltd. announced that, “based on the current industry environment, the mix of business underwritten and in the absence of any unusual catastrophe activity, it has updated its guidance...
R&SA’s Australia/NZ IPO Will Raise $1.22 Billion
May 12 2003 // Royal & SunAlliance announced that the initial public offering of shares in the Promina Group, its Australian and New Zealand subsidiaries, will raise around £662 million ($1.062 billion) for R&SA and A$150...
NJ Independent Insurance Agents Raise Over $20,000 for Make-A-Wish Foundation
May 12 2003 // The Independent Insurance Agents of New Jersey (IIANJ) recently raised over $20,000 for the New Jersey chapter of the Make-A-Wish Foundation at their 910th Annual IIANJ Charity Golf Outing which was held on May 5, 2003 at...
Hilb, Rogal and Hamilton Company Announces Share Repurchase Program
Mar 27 2003 // Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance intermediary, announced today that the company’s board of directors has authorized the company to purchase up to $20 million of its common...
Share Repurchase Programs at Progressive, American Medical
Jan 8 2003 // Ohio-based Progressive Corporation, the nation’s 4th largest auto insurer, and American Medical Security Group (AMS), a supplier of health care benefits and insurance to small businesses based in Green Bay Wisconsin,...
SCOR Closes Rights Offering, Raises $387 Million
Dec 13 2002 // France’s SCOR Group announced that the subscription period for the preferential rights related to its capital increase came to an end on Wednesday. The company raised an estimated 381million Euros ($387 million). The...
ING Sells 36 Million Shares, Raises $666 Million
Nov 27 2002 // The Netherlands ING Group has sold 36 million shares, about 1.8 percent of the total outstanding, at approximately 18.50 Euros per share, raising around $666 million in additional capital. (The dollar and the Euro are...
NINTH ANNUAL GOLF TOURNEY RAISES $70,000 FOR INSURING THE CHILDREN
Nov 25 2002 // When insurance professionals and their guests from Los Angeles and Orange County convened at Dove Canyon Country Club on Oct. 14, they not only had a great day of playing golf, but they raised another $70,000 for their...
XL Files Shelf Registration to Raise $1.5 Billion
Nov 20 2002 // Bermuda’s XL Capital has filed with the Securities Exchange Commission to sell up to $1.5 billion worth of common and preferred stock, warrants, debt securities and share purchase contracts. The “shelf...
