Industry Segments: Fund raising Page 1 / 7
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- April 30 2024
Singapore’s Income Insurance debut on digital securities exchange
Trading on platform AltaX provides liquidity to the insurer's almost 16,000 shareholders, who hold stocks valued at about US$619m.
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- April 10 2024
Australian insurtech Honey raises US$71.5m in a series A funding
The investment for the specialist home insurance startup backed by RACQ was led by the US private firm Gallatin Point Capital.
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- March 28 2024
Insurtech Qoala raises US$47m in latest funding round co-led by PayPal Ventures
PayPal Ventures co-led the latest funding round with MassMutual Ventures, bringing the Jakarta-based insurtech's total funding raised to US$130 million since its inception.
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- March 4 2024
Fairfax-backed Go Digit gets Indian market regulator’s approval for IPO: report
The digital insurer is targeting a May public offering, which will be a mix of US$150m in new shares and a secondary sale of 109m shares by founding shareholders.
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- March 4 2024
Taiwanese regulator set to finalise rules to ease insurers offshore bond issuance: report
The amendments seek to allow Taiwanese carriers to issue regulatory bonds via SPVs, which will reduce related tax costs and help them cope with IFRS 17 implications.
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- February 14 2024
Fairfax-backed Go Digit gets IRDAI approval for US$150m IPO
The Indian digital insurer's listing plan was delayed after the insurance regulator issued a show cause notice in October 2023, the latest clearance from the insurance regulator now clears one hurdle in its path towards an IPO.
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- January 31 2024
ICA calls for US$329m budget funding to boost resiliency against floods
Building on the 2022 schemes for NSW and Queensland, the new funding should be equally shared between federal and state budgets to move 750 families out of danger zones.
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- January 12 2024
Income Insurance to list on private stock exchange: report
The composite insurer’s shares will be listed under Alta and PhillipCapital’s share liquidity programme.
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- December 15 2023
OneDegree Group gets strategic investment from Dubai Insurance
Following the partnership, the Hong Kong-based virtual insurer will offer professional indemnity and directors' and officers' policies, primarily catering to web3 companies, in UAE.
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- December 4 2023
Insurtech Igloo raises US$36m in pre-series C round
The new round backed by Eurazeo, Openspace and La Maison closed at a 50% increase in valuation compared with the Singapore-based insurtech's series B+.
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- December 4 2023
COP28: Insurance can’t be sole solution for climate challenges
With the just-adopted Loss and Damage Fund, the industry can play a supporting role by offering solutions like parametrics in the short term but need to look beyond insurance for the long term.
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- November 16 2023
Carrot Insurance plans to raise US$230m by next year: report
The Hanwha Group-backed Korean digital insurer is seeking to secure funds through a paid-in capital increase allocated to shareholders and is aimed for better capital adequacy and investment funds.
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- October 13 2023
MoneyHero to list on Nasdaq following SPAC deal with Pacific Century and Thiel Capital
The deal gives the financial services platform, which operates in Singapore, Hong Kong, the Philippines, Malaysia and Taiwan, access to around US$100m of capital.
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- October 11 2023
Indian insurtech InsuranceDekho raises US$60m in Series B funding round
The New Delhi-based firm has direct integration with 46 insurers across India offering more than 380 insurance products including 175 for life and health.
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- August 28 2023
Indian government reneges on capital support to state-owned general insurers: report
The government last year provided US$600m in capital to National Insurance, Oriental Insurance and United India Insurance to meet regulatory solvency norms.
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- July 14 2023
BYD Auto to raise insurance arm’s registered capital by US$420m
After the capital injection, BYD Property Insurance's registered capital will reach US$560m and the parent will maintain 100% shareholding.
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- June 29 2023
OneDegree raises US$27m in additional Series B fundraise
The virtual insurer, which claims it is on track to achieving profitability by end-2024, will use the proceeds to grow its digital assets business and insurtech offerings globally.
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- June 16 2023
Philippines to get US$750m World Bank loan for ESG, expanding crop insurance
The policy loan will bolster environmental protection and fund new insurance products for smallholder farmers and support operations of the Philippine Crop Insurance Commission.
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- June 13 2023
Seoul Guarantee Insurance to file for IPO this month: report
The state-owned carrier, which is expanding overseas with reinsurance tie-ups with Allianz Trade and Coface, is eyeing a listing later this year as its biggest shareholder plans to exit.
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- June 1 2023
Pop Holdings hires Sergei Korol as chief operations and finance officer
Singapore-based Korol will be in charge of building up the specialty insurance group, including MGA Fusion and tech arm io.insure.
