All the headlines from our Funding Topic Page, ordered by recency.
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...
Dec 18 2001 // Endurance Specialty Insurance Ltd., the new Bermuda-based insurer, backed by Aon and Zurich Financial Services (See IJ Website Nov. 8), announced that it has successfully raised $1.2 billion of capital through private...
Dec 13 2001 // Bermuda-based property catastrophe reinsurer IPC Holdings, Ltd. announced that it had closed a public offering of its shares, and arranged a private placement with American International Group, that would provide it with...
Nov 20 2001 // Any doubts about the viability of capital offerings by reinsurers was erased with the announcement that Swiss Re had placed all of the shares it offered for sale, including all the shares provided to cover over-allotments,...
Nov 9 2001 // Bill DeMeulle, president of DeMeulle Insurance Agency Inc. and chairman of the Eighth Annual Insuring the Children Golf Tournament, announced this year’s ITC tournament raised more than $25,000 to help fund programs...