Latest Funding Headlines

All the headlines from our Funding Topic Page, ordered by recency.

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....

Bermuda-Based Somerset Re Raises Capitalization to $375 Million

Oct 21 2016 // Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a diverse group of high net worth investors.Somerset Re provides customized...

Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million

Oct 20 2016 // Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital...

Venture Capital, Traditional Insurer Interest in Insurtech Remains High

Aug 24 2016 // Even though venture capital investments in venture capital-backed financial technology (fintech) companies fell more than 50 percent globally during the second quarter of 2016, interest in insurance technology startups...

Fosun Plans to Sell as Much as $6 Billion in Assets to Raise Credit Rating

Aug 1 2016 // Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk.After announcing more than...