Subject: Fund raising Page 3 / 7
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- March 8 2023
Swiss Re secures US$700m alternative capital from JP Morgan
The stop-loss protection will run across the financial years 2023 to 2027 covering severe underwriting losses.
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- February 15 2023
InsuranceDekho raises US$150m via equity and debt
The Indian insurtech is targeting annualised premiums of US$423m by the end of March.
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- February 3 2023
Australia disaster funding under an independent review
Led by Andrew Colvin of Deloitte, the review evaluates government investment in disaster risk reduction and resilience.
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- February 1 2023
India’s Digit Insurance US$440m IPO blocked by regulator: report
The insurer was last valued at US$3.5bn by Sequoia Capital and is backed by investors including Canadian billionaire Prem Watsa.
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- February 1 2023
India’s Union Budget to infuse US$490m into three state general insurers: report
It is the third consecutive injection since 2020 but the companies are still facing a shortfall in capital.
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- January 18 2023
Cybersecurity firm Blackpanda eyes Asia growth after US$15m Series A
The firm wants to use its investment from Primavera Venture Partners and Gaw Capital Partners to deepen its regional presence.
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- January 16 2023
Australian government hints at additional funding for nat cat relief
With the floods shaving off 0.25% of the country's GDP, the treasurer said natural disasters will be a focus of the upcoming budget.
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- January 12 2023
RACQ demands bigger share of the disaster fund for Queensland
The US$138m government fund, available from the next financial year, will be used to prepare for nat cat events.
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- January 6 2023
Insurtech Qoala raises US$65m in fresh funding led by Eurazeo
Eurazeo, a French private equity fund, has recently invested in specialty broker BMS.
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- December 30 2022
MS&AD investment arm adds US$100m dry powder
The venture capital fund will invest in overseas insurtechs and digital startups related to risk and insurance, which are strategically relevant the Japanese carrier.
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- December 12 2022
Reliance seeks US$72m urgent capital infusion
The carrier is seeking the capital to preserve business, enhance value and improve solvency to 175%.
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- December 12 2022
Sunshine’s muted HKEX debut misses out on China’s Covid pivot
Despite a lukewarm reception, the US$824m raise could bolster the group's expansion into southern China and Hong Kong.
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- December 2 2022
IRDAI’s liberalisation agenda raises risk of insurer failures
Wide-ranging reforms will ease the path to markets, but excess capacity could also lead to greater competition.
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- November 29 2022
Insurtech Igloo eyes M&A as it raises US$27m in Series B extension
The Singapore-based firm recently launched a parametric Weather Index insurance product in Vietnam.
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- November 29 2022
IRDAI approves Go Digit’s IPO
The Fairfax-backed insurer will raise about US$440m from the public offering.
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- November 2 2022
Cover Genius raises US$70m in fresh funding round
The insurtech wants to invest in its global distribution platform XCover.
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- November 1 2022
‘Loss-propping capital’ is drying up for insurtech start-ups
APAC-based insurtechs have raised a total of US$1bn across 76 deals in Q3.
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- October 17 2022
Tokio Marine invests US$50m in bolttech’s Series B fundraising
The Japanese insurer will help the insurtech's distribution, product innovation and balance-sheet capacity.
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- October 13 2022
Nib to raise US$94m for acquisition war chest
The Australian health insurer acquired Maple Plan as part of its disability scheme expansion strategy.
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- September 14 2022
FWD refiles for Hong Kong IPO
Stock exchange filing revealed that H1 new business reached US$405m, up 25% year-on-year.
