Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
AIG May Raise up to $6.5 Billion through AIA Share Sale – Sources
Dec 17 2012 // American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the U.S. insurer started nearly 100...
AIR Worldwide Raises Sandy Insured Loss Estimates to $16-$22 Billion
Nov 26 2012 // Catastrophe modeling firm AIR Worldwide today revised up its industrywide Sandy insured loss estimates to the $16 billion-$22 billion range. AIR Worldwide had previously estimated on Oct. 30 — the day after Sandy...
China’s PICC Group to Raise up to $4 Billion in Hong Kong IPO
Nov 15 2012 // Chinese state-owned insurer PICC Group started meeting institutional investors in Hong Kong on Thursday to gauge demand for a listing worth up to $4 billion, braving a slump in equity deals with the city’s largest...
AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion
Sep 7 2012 // American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, placing the shares at a surprise premium although analysts were disappointed at the...
U.S. Treasury to Raise $5B from AIG Stock Sale
Aug 6 2012 // The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of American International Group stock, cutting the government’s stake in the bailed-out insurer to 55 percent. The sale, which...
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 CommonsA 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...
