Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Country Singer Alan Jackson Raises $150K for Quake-Damaged Va. County
May 22 2012 // Country singer Alan Jackson has raised more than $150,000 to help a Virginia county rebuild schools damaged by last year’s earthquake. Alan Jackson. Photo credit: Wikimedia Commons A benefit concert by Jackson drew...
CEA, Red Cross Alliance Auction Raises $180K Disaster Readiness and Relief
May 10 2012 // Two months after joining forces to increase earthquake preparedness in California, the alliance between the California Earthquake Authority and the American Red Cross to put on a statewide online auction in April raised...
Charity Foundation Raises $1.2M
Jan 9 2012 // The Insurance Industry Charitable Foundation (IICF) New York/Northeast division had a packed charity dinner event last month. It was held on Dec. 14 at the Waldorf-Astoria Hotel in New York and drew more than 900...
Insurance Charity Foundation Raises $1.2M at This Year’s Charity Event
Dec 21 2011 // The Insurance Industry Charitable Foundation (IICF) New York/Northeast division had a packed charity dinner event this year. The event was held on Dec. 14 at the Waldorf-Astoria Hotel in New York. It drew more than 900...
Venture Capital Firm Buys California Wholesaler Yates, Rolls Out Growth Plan
Sep 14 2011 // Scottish American Capital, a venture capital group with a cache of high net worth individuals, has purchased 80 percent of Tustin, Calif.-based Yates & Associates and given founder Jim Yates a three-year contract as...
Travelers Tournament Raises $1 Million for Charity
Jun 27 2011 // The 2011 Travelers Championship will generate in excess of $1 million for charity, including commitments from Travelers, bringing the tournament’s total 2011 charitable contribution to an amount on par with the...
WSS, WestPro Insurance Raise $25K for Susan G. Komen Foundation
Jun 16 2011 // Kyle Stevens, president and CEO of Western Security Surplus Insurance Brokers (WSS) and Dallas-based WestPro Insurance Services, has delivered a $25,000 check to the Susan G. Komen for the Cure as a result of a 2010...
EQECAT Raises Japan Quake/Tsunami Loss Estimates to $22-$39 Billion
May 10 2011 // Catastrophe modeling firm EQECAT has updated its market loss estimate of $12-$25 billion, issued on March 16, for the March 11 M9 Tohoku Earthquake. EQECAT said that, based on the latest information available, it is...
Omega Raises NZ Quake Estimates to $16.8 Million; Australia Floods
Jan 7 2011 // Bermuda-based Omega Insurance Holdings Limited, which is also a leading LLoyd’s insurer, has issued a revised estimate of the losses it expects to incur from claims related to the earthquake, which struck New Zealand...
Catlin Raises Estimates of NZ Quake Losses to $45 Million
Dec 22 2010 // Catlin Group Limited announced that, “based on total insured losses from the New Zealand earthquake of US$5.5 billion to US$6 billion, its loss amounts are approximately US$45 million, net of reinsurance and...
AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range
Oct 22 2010 // AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of the...
Poll Shows AIA IPO Price Seen Above Mid-point; Will Raise $19.8 Bn
Oct 14 2010 // The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s...
Chartis Targets Private Equity, Venture Capital Firms with Liability Program
Sep 22 2010 // Chartis has launched Private Equity Professional Edge, a management and professional liability insurance program for private equity and venture capital firms and their managers. Private Equity Professional Edge combines...
BP Looking to Raise $50 Billion to Cover Gulf Oil Disaster Costs
Jun 21 2010 // British energy giant BP Plc is planning to raise $50 billion to cover the cost of the Gulf of Mexico oil spill, while the head of a $20 billion fund to compensate victims of the accident vowed Sunday that eligible claims...
Platinum Appoints Decleir CFO; Increases Share Repurchase Program
May 6 2010 // Platinum Underwriters Holdings announced that Allan C. Decleir has been named Executive Vice President and Chief Financial Officer, effective June 1, 2010, subject to the approval of the Bermuda Department of Immigration....
AIG Aircraft Leasing Unit Raises $2 Billion with Sale of Jets
Apr 14 2010 // The aircraft leasing unit of bailed-out insurer American International Group has agreed to sell 53 passenger jets to Australia’s Macquarie Group to raise a much-needed $2 billion in cash. International Lease Finance...
Oklahoma Raises $65M Selling Data; Customers Include Insurance Cos.
Apr 6 2010 // The state of Oklahoma has collected at least $65 million in the past five years by selling personal information from motor vehicle records, according to newspaper reports. Wellon Poe, the chief legal counsel for the...
Reinsurers Say $4 to $7 Billion Chile Quake Loss ‘Unlikely’ to Raise Rates
Mar 10 2010 // Last month’s huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world’s top two reinsurers said, but it looks unlikely to raise reinsurance prices. World leader...
Platinum Increases Share Repurchase Plan; Sets Annual Meeting Agenda
Feb 23 2010 // Bermuda-based Platinum Underwriters Holdings announced that it has increased the authorized amount under its existing share repurchase program to a total of up to $250 million of its common shares. “This represents...
