Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Odyssey Re IPO Raises $308 Million
Jun 14 2001 // Most of the funds, around $255 million, will be remitted to Fairfax, which retains 73.7 percent of ORH’s shares. Underwriters have a 30-day option to purchase an additional 2,571,429 shares. Trading in the shares...
ING Raises $340 Million on Sale of Fortis Shares
Jun 8 2001 // Holland’s ING announced it had sold 14.7 million shares of its holdings in the Dutch-Belgian financial group Fortis, raising approximately € 400 million ($340 million), which will be used to fund its $791...
CoverageCorp Raises $8 Million for Development
Apr 24 2001 // Access CoverageCorp Inc., the Charlotte, N.C. Internet-based business insurance technology and solutions provider, announced that it has raised $8 million in a second-round financing. The leader in this round has been...
Former Calif. Insurance Commissioner Gillespie Raises Nearly $500,000 for City of Hope
Mar 14 2001 // Roxani M. Gillespie (center), a partner at Barger & Wolen, accepts the Spirit of Life Award, presented to her by the California Insurance Council for City of Hope. Also pictured are Larry De Boer (left) and Don...
ACE Raises $1.4 Million for City of Hope
Nov 17 2000 // In a fundraising campaign spearheaded by ACE Limited’s Chairman and CEO Brian Duperreault, $1.4 million was raised for breast cancer research. Duperreault chaired the 2000 “Spirit of Life” campaign on...
iwix.net Receives $5 Million in VC Funding
Jun 12 2000 // iwix.net, a specialty insurance portal, has secured $5 million in first round venture capital funding. All of the funding is coming from one source, Quester. Quester’s investment strategy is to back businesses that...
MetLife IPO Raises $2.88 Billion
Apr 5 2000 // In its much ballyhooed initial public offering, Metropolitan Life Insurance Co., the number two U.S. insurer, raised $2.88 billion Tuesday-less than half of its initial $6.1 billion target. The shortfall stemmed primarily...
