All the headlines from our Funding Topic Page, ordered by recency.
Apr 5 2004 // According to news reports ACE Limited’s initial public offering of its credit unit, Assured Guaranty, is set to raise approximately $1 billion. ACE is spinning off the Bermuda-based operation, which specializes in...
Mar 5 2004 // The Bermuda-based Catlin Group Limited (CGL) has confirmed its intention to offer shares to the public. (See IJ Website Mar.4) and to seek a listing on the London Stock Exchange. CGL, which does business both in Bermuda...
Feb 27 2004 // Directors at NYMAGIC, Inc.’s annual Board Meeting announced an increase in the size of the Board from 12 to 13 members and the election of David E. Hoffman as a Director. Plans to restructure the Company’s...
Dec 3 2003 // Both A.M. Best Co. and Standard & Poor’s Ratings Services reacted positively to the news from France’s SCOR Group that it plans to raise an additional 750 million euros ($896 million) through a rights...
Nov 3 2003 // The California Insurance Council, a group of insurance industry leaders dedicated to supporting the lifesaving research and treatment programs at City of Hope Cancer Center, raised $540,000 during the group’s annual...
Oct 31 2003 // AIG isn’t the only company that’s seeking to strengthen its already historic roots in China. HSBC Holdings Plc. (once known simply as the Hong Kong and Shanghai Bank) announced that it is on the point of...
Oct 29 2003 // Las Vegas-based Sierra Health Services Inc. announced that its Board of Directors has authorized the company to purchase up to an additional 3 million shares of its common stock. On Jan. 7, 2003, the company announced that...
Oct 7 2003 // American Safety Holdings Corp., a wholly-owned subsidiary of American Safety Insurance Holdings, Ltd., has completed a $5 million private placement of trust preferred securities.The securities have a floating interest rate...
Oct 3 2003 // William G. Star, President & CEO of Toronto based truck and non-standard auto insurer Kingsway Financial Services Inc., announced the appointments of John McGlynn as President and CEO of Kingsway General Insurance...
Oct 2 2003 // Southfield, Mich.-based Meadowbrook Insurance Group Inc. announced today that the Company has raised approximately $10 million at the holding company level, in a trust preferred pooled transaction. The securities, which...
Sep 30 2003 // Massachusetts-based Commerce Group, Inc. announced that it has filed a registration statement with the Securities and Exchange Commission for a public offering of $300 million of senior unsecured notes. The Company said it...
Sep 30 2003 // InVEST, an education program to strengthen the insurance industry by attracting a large pool of qualified insurance recruits, hosted 60 high school students at a “job shadow” event held during the recent...
Sep 23 2003 // The Professional Insurance Agents of New Jersey Inc. held its 20th annual PIANJ Golf Classic, raising a record $40,000 for Special Olympics New Jersey (SONJ) from the sold out event. The tournament, co-sponsored by The...
Sep 18 2003 // Mayfield Village, Ohio-based Progressive Corp. announced that it purchased 200,000 of its common shares, $1 par value, from Peter B. Lewis, the company’s chairman of the board, through an entity owned and controlled...
Aug 22 2003 // State National Companies (www.statenational.com), based in Fort Worth, announced it has raised $7.5 million in capital through the issuance of floating rate trust preferred securities by T.B.A. Statutory Trust II.The funds...
Aug 22 2003 // The Board of Directors of Boston’-based Safety Insurance Group, Inc., one of Massachusetts leading personal auto insurers, approved a $0.10 per share quarterly cash dividend on its issued and outstanding common...
Jun 24 2003 // Investor Greg Shepard, who owns about 5 percent of Columbus, Ohio-based State Auto Financial Corp., offered to commence a tender offer for 8 million of State Auto’s 10.9 million public shares at $30 each.Shepard...
May 27 2003 // The Hartford Financial Services Group, Inc. has released a bulletin indicating that the public offerings, announced on May 14, have been completed, raising gross proceeds of approximately $1.95 billion. “About $1.1...
May 27 2003 // East Lansing, Mich.-based American Physicians Capital Inc. announced that it completed its second trust preferred pooled transaction this month, raising an additional $15 million at the holding company. The securities,...
May 15 2003 // Platinum Underwriters Holdings, Ltd. announced that, “based on the current industry environment, the mix of business underwritten and in the absence of any unusual catastrophe activity, it has updated its guidance...