Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Brazil Insurer Caixa Seguridade, Reinsurer IRB Plan IPOs to Raise $3.6 Billion
Aug 26 2015 // Brazilian insurer Caixa Seguridade Participações SA and reinsurer IRB Brasil RE SA on Tuesday filed plans for initial public offerings that their shareholders expect to raise a combined 13 billion reais ($3.6 billion)...
Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns
Aug 11 2015 // Delta Lloyd NV fell the most on record after interest-rate hedging and declines in bonds spurred a first-half loss, raising concern the Dutch insurer may need to raise capital. The shares fell 20 percent to 13.17 euros at...
Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley
Jun 19 2015 // Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The...
China’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
May 11 2015 // Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will sell the shares...
China Taiping Insurance Plans to Raise $1.7 Billion in Private Share Sale
May 7 2015 // China Taiping Insurance Holdings Co. plans to raise HK$13.5 billion ($1.7 billion) in a private share sale after its stock price more than doubled in the past year. The insurer will sell 486 million shares at HK$27.74 a...
Ironshore to Raise Capacity Limits to $50M for Builder’s Risk Property Products
May 5 2015 // Bermuda-based Ironshore Inc. announced its global property division will raise capacity limits for builder’s risk products to $50 million, an increase from the current $35 million limit, effective...
Ironshore Global Property Raises Energy Sector Capacity Limits to $35 Million
Apr 14 2015 // Bermuda-based Ironshore Inc. announced that its Global Property Energy division will increase its capacity limits from $25 million to up to $35 million, effective April 2015. Ironshore said the increase would “be...
XL Group Creates Venture Capital Fund, XL Innovate; Hutton Named as Head
Apr 2 2015 // XL Group plc announced the creation of XL Innovate, an XL-sponsored venture capital initiative. The new fund will be led by Tom Hutton, a past director of XL who has a history of creating successful insurance and financial...
BlackRock, ACE Raise $800 Million to Form Bermuda Reinsurer
Apr 2 2015 // BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. raised $800 million for a reinsurance venture, at the low end of the announced range. ABR Reinsurance Capital Holdings Ltd....
Oaktree-Backed Insurer Seeks to Raise $2 Billion, Plans IPO Within Five Years
Mar 30 2015 // Oaktree Capital Group LLC is among investors backing a Bermuda insurance venture that’s seeking to raise $2 billion with plans for an initial public offering within five years. Fidelis Insurance Holdings Ltd. is led...
Palomar Specialty in California Raises $17.5M in Surplus Capital
Feb 23 2015 // Palomar Specialty Insurance Co. announced that it has successfully completed a $17.5 million surplus note issuance in a private placement to RenaissanceRe Ventures Ltd. and funds under management by a premier asset...
Palomar Specialty in California Raises $17.5M in Surplus Capital
Feb 5 2015 // Palomar Specialty Insurance Co. announced that it has successfully completed a $17.5 million surplus note issuance in a private placement to RenaissanceRe Ventures Ltd. and funds under management by a premier asset...
Florida’s Universal Insurance Raises $19M in Stock Deal
Dec 15 2014 // Florida’s largest private insurer has raised $19 million through a privately negotiated stock deal with an investment firm that specializes in natural catastrophe reinsurance and weather risk. Universal Holdings Inc...
Specialty Insurer James River Raises $231M in IPO
Dec 11 2014 // James River Group Holdings Ltd., the specialty insurer backed by hedge fund company D.E. Shaw & Co. and Goldman Sachs Group Inc., raised $231 million in an initial public offering, pricing its shares below the marketed...
China’s Ping An to Raise $4.75 Billion in Hong Kong Share Sale
Dec 1 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said it will raise HK$36.8 billion ($4.75 billion) in Hong Kong’s biggest share sale in almost two years to replenish equity and working...
Aon Announces New $5 Billion Share Repurchase Program
Nov 17 2014 // Aon plc announced that its Board of Directors has authorized a new $5 billion share repurchase program, which is in addition to its existing share repurchase program previously authorized in April 2012. Approximately $1.1...
Florida’s Federated National Raises $40M in IPO
Aug 6 2014 // Federated National Holding Co., a Florida-based property/casualty insurer, announced the closing of its public offering of 2,358,975 shares of its common stock, which includes 307,692 shares sold pursuant to the exercise...
Pet Insurer Trupanion Raises $71 Million in IPO
Jul 18 2014 // Shares of Trupanion Inc. rose as much as 15 percent in their market debut, valuing the pet insurer at $304 million, as investors bet on growing demand among pet owners to insure their cats and dogs. The company raised...
Latest Carlyle Financial, Insurance Equity Fund Raises $1 Billion
Jun 24 2014 // Private equity firm Carlyle Group LP said on Monday it had raised $1 billion for its second fund focused on buying and selling financial institutions such as wealth managers and insurance firms, almost three years after it...
Saga IPO Raises $926.7 Million; Share’s Price at Bottom of Range
May 23 2014 // Saga Plc, a provider of insurance and holidays to Britain’s over-50s, raised £550 million ($926.7 million) after selling shares at the bottom of the range used to canvass investor interest. The shares were sold at...
