All the headlines from our Funding Topic Page, ordered by recency.
Apr 14 2010 // The aircraft leasing unit of bailed-out insurer American International Group has agreed to sell 53 passenger jets to Australia’s Macquarie Group to raise a much-needed $2 billion in cash.International Lease Finance...
Apr 6 2010 // The state of Oklahoma has collected at least $65 million in the past five years by selling personal information from motor vehicle records, according to newspaper reports.Wellon Poe, the chief legal counsel for the...
Mar 10 2010 // Last month’s huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world’s top two reinsurers said, but it looks unlikely to raise reinsurance prices.World leader...
Feb 23 2010 // Bermuda-based Platinum Underwriters Holdings announced that it has increased the authorized amount under its existing share repurchase program to a total of up to $250 million of its common shares.“This represents an...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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. 1...
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...
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...