All the headlines from our Funding Topic Page, ordered by recency.
May 12 2003 // Royal & SunAlliance announced that the initial public offering of shares in the Promina Group, its Australian and New Zealand subsidiaries, will raise around £662 million ($1.062 billion) for R&SA and A$150...
May 12 2003 // The Independent Insurance Agents of New Jersey (IIANJ) recently raised over $20,000 for the New Jersey chapter of the Make-A-Wish Foundation at their 910th Annual IIANJ Charity Golf Outing which was held on May 5, 2003 at...
Mar 27 2003 // Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance intermediary, announced today that the company’s board of directors has authorized the company to purchase up to $20 million of its common...
Jan 8 2003 // Ohio-based Progressive Corporation, the nation’s 4th largest auto insurer, and American Medical Security Group (AMS), a supplier of health care benefits and insurance to small businesses based in Green Bay Wisconsin,...
Dec 13 2002 // France’s SCOR Group announced that the subscription period for the preferential rights related to its capital increase came to an end on Wednesday. The company raised an estimated 381million Euros ($387 million).The...
Nov 27 2002 // The Netherlands ING Group has sold 36 million shares, about 1.8 percent of the total outstanding, at approximately 18.50 Euros per share, raising around $666 million in additional capital. (The dollar and the Euro are...
Nov 25 2002 // When insurance professionals and their guests from Los Angeles and Orange County convened at Dove Canyon Country Club on Oct. 14, they not only had a great day of playing golf, but they raised another $70,000 for their...
Nov 20 2002 // Bermuda’s XL Capital has filed with the Securities Exchange Commission to sell up to $1.5 billion worth of common and preferred stock, warrants, debt securities and share purchase contracts. The “shelf...
Nov 19 2002 // Swiss-based Converium Group announced details of the $70.3 million in additional reserves it expects to fund for Converium North America during the fourth quarter. It also plans to raise an additional $200 million through...
Nov 5 2002 // Chicago-based Aon Corporation took a couple of giant steps toward its goal of raising $1 billion in new capital, with the successful sale of 32 million shares of stock at $17.18 per share it raised $550 million, $50...
Oct 30 2002 // When insurance professionals and their guests from Los Angeles and Orange County convened at Dove Canyon Country Club on Oct. 14, they not only had a great day of playing golf, but they raised another $70,000 for their...
Oct 18 2002 // InVEST, a business-education partnership training high school and community college students in insurance agency and company operations and encouraging them to pursue careers in the industry, hosted 26 high school students...
Oct 10 2002 // Montpelier Re Holdings successfully completed an initial public offering of 9.52 million of its shares priced between $20 and $22. The new Bermuda-based reinsurer raised around $190 million. The company was established...
Sep 26 2002 // Travelers Property Casualty Corp. announced that its Board of Directors authorized the company to spend up to $500 million for the repurchase of its Class A and Class B common stock. The repurchases may be made from time...
Sep 24 2002 // BRIT Insurance Holdings PLC, a leading participant in the Lloyd’s market, announced plans to raise around £204million ($316 million) through a rights offering. The company plans on using the funds to increase its...
Sep 18 2002 // Selective Insurance Group, a Branchville, N.J.-based holding company for five property and casualty insurance companies offering primary and alternative market insurance for commercial and personal risks, announced a...
Sep 16 2002 // Aegon, the Netherlands second biggest insurer and financial services company, announced that it has reached an agreement with its largest shareholder, Vereniging AEGON (the Association), providing for the sale of 350...
Jun 18 2002 // The New Jersey Young Insurance Professionals held its annual Fun Run last week during the Professional Insurance Agents of New Jersey Inc.’s annual business conference, raising a record high of nearly $80,000 for...
Apr 9 2002 // Bermuda’s Arch Capital Group Ltd. announced that its offering of 7,475,000 common shares at $25.50 per common share (See IJ Website April 4) resulted in net proceeds of approximately $179 million. The offering, which...
Dec 27 2001 // Philadelphia-based PMA Capital Corporation announced that it has successfully completed a public offering of shares of Class A common stock, raising around $158 million in new capital. Standard & Poor’s also...