Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Grenfell Tower Insurer, Protector Forsikring, Raises Claims Estimate to $65M
Jul 10 2017 // The insurer of London’s Grenfell Tower, where at least 80 people died in a devastating fire, raised its estimate for property and liability insurance claims to 50 million pounds ($65 million) on Friday [July...
Bitcoin Startup, Blockchain, Raises $40M in New Funding from Heavy Hitters
Jun 22 2017 // Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to...
With Insurer Backing, Home Sensor Startup Notion Raises $10 Million
Jun 14 2017 // Insurer XL Catlin’s venture capital arm is among firms helping to back a $10 million financing for Notion, an Internet of Things-related startup focused on a low-cost remote smart home sensor for home security. XL...
XL Catlin Raises Global Property Capacity by 25% to $500 Million
Jun 7 2017 // XL Catlin has raised its global property insurance capacity by 25 percent to US$500 million, which is available on a quota share or layered basis,. With this capacity increase, the company said it will better address...
Hamilton Re Raises $65M to Fund Special Purpose Vehicle Turing Re
Jun 6 2017 // Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has established its first special purpose vehicle, Turing Re Ltd., which will provide collateralized capacity for Hamilton Re’s global...
Bunker, Startup Broker for Small Business, Contractor Insurance, Raises $6 Million
May 11 2017 // Bunker, a startup digital insurance broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American...
Startup Next Insurance Raises $29 Million from Insurers, Other Investors
May 3 2017 // Next Insurance, a digital insurance company for small to medium businesses, said it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide and other existing...
Trov in California Closes $45M in Series D Financing for Insurtech
Apr 6 2017 // San Francisco, Calif.-based Trov announced that it has closed $45 million in Series D funding led by Munich Re/HSB Ventures, bringing its total funding to just over $85 million. All of Trov’s Series C investors...
W.R. Berkley, Tokio Marine Lead Weather Analytics $17 Million Series B Funding
Mar 16 2017 // Weather Analytics, a provider of weather and predictive risk software for the insurance industry, reported that global insurers Tokio Marine HCC and W. R. Berkley Corp. together have funded a $17 million Series B financing...
New Venture Capital Firm Looking for Insurtech Startups
Feb 8 2017 // The insurance industry has a new venture capital firm looking to make early to growth-stage investments in innovative insurance technologies. David Miles, a 30-year insurance investment veteran and owner of the insurance...
Fairfax Expected to Raise About $500M for New Africa Fund: Sources
Feb 7 2017 // Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than...
Neon’s M&A Consortium Raises Capacity to £75 Million
Jan 24 2017 // Neon has expanded its M&A consortium, with capacity increasing from £50 million ($62.2 million) to £75 million ($93.3 million), effective on Jan. 1, 2017. The consortium is led by Neon and is 100 percent backed by...
10th Annual IICF Northeast Charitable Gala in New York Raises Record $1.4M
Jan 9 2017 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, had more than 900 insurance professionals attend its 10th annual...
Fairfax Plans to Raise $1 Billion in IPO for Fund to Make Africa Investments
Dec 28 2016 // Fairfax Financial Holdings Ltd., the Canadian insurer that made its largest acquisition last week, is selling shares in an initial public offering for a fund that will make investments in Africa. The company is seeking to...
10th Annual IICF Northeast Charitable Gala in New York Raises Record $1.4M
Dec 20 2016 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, has announced that more than 900 insurance professionals attended its...
Dolly Parton Telethon Raises $9M for Tennessee Wildfire Victims
Dec 20 2016 // Dolly Parton says a star-studded telethon for those affected by recent wildfires in her native Tennessee has brought in about $9 million. Parton headlined the event on Dec. 13 that was broadcast on several cable networks...
‘Disruptor’ Hippo in California Raises $14M in New Funding Round
Dec 14 2016 // Mountain View, Calif.-based startup Hippo today announced it has closed a $14 million Series A round. The funding was led by Horizons Ventures, which invests in disruptive technology and startups. It was joined by RPM...
IICF’s Midwest Division Raises More Than $8K in World Series Fundraiser
Nov 18 2016 // The Insurance Industry Charitable Foundation’s (IICF) Midwest Division raised more than $8,000 through its World Series-related fundraiser to support its Midwest Division Community Grants Program. The program helps...
Indio, Tech Startup for Commercial Insurance Brokers, Raises $2 Million
Nov 1 2016 // Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth managers, said it has secured $2 million in seed financing. Venture capital firms NEA, Compound,...
Venbrook Raises $42M in Financing, Buys New Jersey’s Brooks Insurance Group
Oct 21 2016 // Venbrook Group nailed down $42 million in new financing from Madison Capital Funding, a subsidiary of New York Life, and some of the money has already helped back an acquisition that expands its scope in the U.S....
