Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Swiss Re Raises $3.62 Billion from Share, Bond Offering
Nov 20 2001 // Any doubts about the viability of capital offerings by reinsurers was erased with the announcement that Swiss Re had placed all of the shares it offered for sale, including all the shares provided to cover over-allotments,...
ITC Tournament Raises More than $25,000 to Help Fight Child Abuse
Nov 9 2001 // Bill DeMeulle, president of DeMeulle Insurance Agency Inc. and chairman of the Eighth Annual Insuring the Children Golf Tournament, announced this year’s ITC tournament raised more than $25,000 to help fund programs...
PartnerRe See 3Q Loss, Will Raise $350 Million
Oct 29 2001 // Bermuda’s PartnerRe, which already announced estimated net losses from the Sept.11 attacks of around $400 million, announced additional losses of around $25 million, and said it would report a third quarter operating...
RSA Raises Terror Loss Estimate to $289 Million
Oct 12 2001 // The U.K.’s Royal & Sun Alliance Insurance Group announced yesterday that it now expects its losses from the September 11 attacks on the U.S. will be around £200 million ($289 million) net of reinsurance...
America’s Survivor Relief Fund Raises Over $250,000
Oct 11 2001 // Contributions to America’s Survivor Relief Fund, created by the Independent Insurance Agents of America (IIAA) and the Independent Insurance Agents Association of New York (IIAANY) to benefit victims and surviving...
Friends Provident IPO Raises $5.3 Billion
Jul 10 2001 // Friends Provident ended its 169 years as a mutual insurer with a successful public offering on the London Stock Exchange which raised an estimated £3.8 billion ($5.3 billion). The newly investor owned company’s...
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...
