Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Torus to Raise $185 Million in Additional Equity Capital
Feb 22 2010 // Specialty insurer Torus announced an additional equity capital investment of $185 million “to support its continued expansion.” The additional financing, which is subject to regulatory approval and other...
Navigators to Repurchase Shares
Nov 17 2009 // The New York-based Navigators Group, Inc. announced that its Board of Directors has adopted a stock repurchase program for up to $35 million of the Company’s common stock. “Repurchases may be made from time to...
ISO Parent Verisk Analytics Raises $1.88 Billion in IPO
Oct 7 2009 // Insurance risk specialist Verisk Analytics Inc. raised $1.88 billion Tuesday in the biggest IPO by a U.S. company since March 2008 after pricing its shares at a higher-than-expected $22 each. The sale of the shares, which...
Specialty P/C Insurer Ironshore Raises $300 Million
Aug 31 2009 // Property/casualty insurer Ironshore Inc. in Bermuda has completed an equity capital deal that will raise $300 million to support the continued expansion of Ironshore’s specialty insurance business. Lead investors in...
Heffernan Insurance Brokers Raises $47,000 for Avon Breast Cancer Walk
Aug 7 2009 // Walnut Creek, Calif.-based Heffernan Insurance Brokers announced that it raised over $47,000 for the Avon Breast Cancer Walk. This is the second year Heffernan’s “Ta-Ta Sisterhood” team participated in...
The Hartford Raises $900 Million
Aug 6 2009 // Hartford Financial Services Group Inc., an insurer that received a $3.4 billion government bailout, said on Thursday it had raised $900 million in an equity offering, more than it expected, sending its shares sharply...
Louisiana’s Jefferson Parish Gets $7.2M to Raise Homes
Jul 30 2009 // Louisiana’s Jefferson Parish now has $7.2 million with which to raise 40 homes out of the danger of floods. The money was awarded to the parish by the Federal Emergency Management Agency and the Louisiana Recovery...
Specialty Insurer Ironshore Raises $300 Million for Expansion
Jun 23 2009 // Ironshore Inc. reported it has raised equity financing of up to $300 million to support the continued expansion of its specialty insurance business. In connection with this financing, Ironshore said it has entered into an...
Amex, Allianz Raise $1.9 Billion in ICBC Stake Sales
Apr 28 2009 // German insurer Allianz and U.S. credit card group American Express raised a combined $1.9 billion on Tuesday through the sale of shares in Chinese banking giant Industrial and Commercial Bank of China (ICBC). The move was...
Climate Change Raises 2008 Cat Losses to $200 Billion Says Munich Re
Dec 31 2008 // Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number...
Florida-based United Insurance Holdings Completes Share Repurchase
Oct 3 2008 // United Insurance Holding Corp., based in St. Petersburg, Fla., completed privately negotiated purchases with a limited number of the company’s stockholders to purchase 1,980,671 shares of the its outstanding common...
PartnerRe to Repurchase Shares
Sep 9 2008 // Bermuda-based PartnerRe Ltd. announced that its Board of Directors has approved an increase in the Company’s share repurchase authorization for a total of up to 5 million common shares. “This reflects an...
Greenlight Re Q2 Net $33.5 Million; Share Repurchase Plan Announced
Aug 11 2008 // Cayman Islands-based Greenlight Capital Re, Ltd. reported net income for the second quarter of 2008 of $33.5 million, compared to a net income of $21.3 million for the same period in 2007. On a fully diluted basis, net...
Tennessee-based Unum Group Accelerates $350M Share Repurchase
Aug 5 2008 // Unum Group, headquartered in Chattanooga, Tennessee, entered into an accelerated repurchase agreement with Deutsche Bank, AG London Branch to repurchase approximately $350 million of its outstanding common stock. The Aug....
Kansas National Guard Raises Estimate for Storm Damage to $381Million
Mar 7 2008 // Kansas state officials say the winter storm that knocked power out to thousands of customers across Kansas continues to get costlier. The newest damage estimate was released earlier this week, putting the figure at $381...
N.C. Young Agents Raise $70,000 to Fund Habitat for Humanity House
Jan 23 2008 // The Young Agents of North Carolina have raised $70,000 to fund the construction of a Habitat for Humanity house. The Young Agents are partnering with Habitat for Humanity of Wake County. During the past year, the...
7th Annual MHBT Charity Golf Classic Raises $47K for Dallas Charities
Nov 21 2007 // Dallas-based McQueary Henry Bowles Troy, L.L.P. (MHBT) announced that its 7th annual charity golf tournament raised approximately $47,000 that benefited ten local charities, including: The Trains at NorthPark, supporting...
PartnerRe Share Repurchase Increased to Five Million
Nov 20 2007 // Bermuda-based PartnerRe Ltd. announced that its Board of Directors has approved an increase in the Company’s share repurchase authorization for a total of up to 5 million common shares. “This reflects an...
AIR Raises Typhoon Krosa Loss Estimates – $200 to $600 Million
Oct 12 2007 // AIR Worldwide’s preliminary estimates of insured losses caused by Typhoon Krosa originally assessed the damage in Taiwan (See IJ web site Oct. 11). However, the storm subsequently crossed the South China Sea, and has...
CNA Adds D&O and E&O for Private Equity, Venture Capital Firms
Sep 11 2007 // CNA Specialty is now offering directors and officers (D&O) as well as errors and omissions (E&O) coverage for private equity and venture capital firms. CNA is targeting firms whose funds range up to $5 billion in...
