Reinsurance News
capital raise
Prudential backed Prismic Life raises $1.3bn to expand its reinsurance platform
18th November 2025
Prismic Life Holding Company, LP (Prismic) has raised $1.3 billion in its third successful capital raise, sponsored by Prudential Financial, Inc. (PFI) and Warburg Pincus, and supported by participation of a global consortium of investors, providing the firm with additional capacity to grow its reinsurance platform. Prismic is a Bermuda-exempted limited ... Read the full article
CyberCube secures over $180m investment from Spectrum Equity
1st October 2025
CyberCube, a provider of cyber risk analytics for the re/insurance industry, has secured a sizeable investment of over $180 million from Spectrum Equity, a new cornerstone investor, which will be used to fuel the future development of the firm's products and solutions to quantify cyber exposures. Spectrum Equity, a growth equity ... Read the full article
Saudi Re opens subscription for capital increase
27th December 2024
Saudi Reinsurance Company (Saudi Re) has commenced its subscription period for a capital increase, running from December 26th to 30th. The offering comprises 26,730,000 new ordinary shares, which represent 30% of the company’s current capital, with a nominal value of SAR 10 per share (around USD 2.6). This move follows the ... Read the full article
Martello Re eyes growth with $1.3bn capital raise
23rd July 2024
Martello Re Limited, the Bermuda-based Class E life and annuity reinsurer, has successfully raised $1.3 billion across a second round of equity funding and the upsizing of its current credit facility, enabling the firm to provide support to additional cedants and selectively expand into new lines and regions. It was ... Read the full article
This time the hard reinsurance market really is different: Shea, Gallagher Re
26th June 2024
In hard reinsurance markets of the past, a key feature has been an influx of capital from new entrants, but there's been a notable lack of start-ups during the current period of reinsurance market tightening, and there are some good reasons why this time really is different, according to Brian ... Read the full article
hyperexponential targets US expansion with close of $73m Series B funding round
11th January 2024
London headquartered provider of pricing decision intelligence (PDI) software, hyperexponential, has closed its $73 million Series B funding round, which will support its expansion into the U.S., and greater investment in new product capabilities to meet increased demand. This latest funding round was led by Battery Ventures, a global technology-focused investment ... Read the full article
Everest sees ‘very strong path’ to completing full deployment of capital raised by 1/1
26th October 2023
Amid an expectation of a continuation of the robust pricing environment and favourable reinsurance market conditions, executives at Bermuda-based Everest Group are confident of the firm's ability to fully deploy the equity capital it raised back in May by the key January 1st, 2024, reinsurance renewals. The global re/insurer raised ... Read the full article
Protos Labs completes SGD $3m seed round funding
24th October 2023
Protos Labs, a cyber risk management company, has successfully raised SGD $3 million in its most recent seed round, funds that will be used to accelerate its global expansion and the development of cyber risk analytics and modelling tools for re/insurers. The seed round saw participation from several investors, including BEENEXT, ... Read the full article
Hamilton commences IPO process
17th October 2023
Bermuda-based Hamilton Insurance Group, Ltd. has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for a proposed underwritten initial public offering (IPO) of its common shares, and intends to use the net proceeds to make capital contributions to its insurance and reinsurance operating subsidiaries. The ... Read the full article
PICC P&C to inject 2 billion yuan into PICC Reinsurance
13th October 2023
China's PICC Property and Casualty Company (PICC P&C) has entered into a capital increase agreement with PICC Group and PICC Reinsurance, under which the reinsurer will receive a capital increase of 2 billion yuan (USD 274 million). The announcement from PICC P&C confirms that PICC Group will make a capital contribution ... Read the full article
Talanx initiates €300m capital raise to increase its free float
20th September 2023
European insurance group Talanx has launched a €300 million capital raise to increase its free float, as the company looks to enhance the trading liquidity of its shares and further improve its position in equity indices. The company's share capital is expected to increase through the issuance of new no-par value ... Read the full article
Hagerty raises $105m in capital from State Farm, Markel Group & Hagerty family
26th June 2023
Specialty insurance provider Hagerty has raised $105 million in capital from strategic investors, including State Farm, Markel Group and the Hagerty family. According to the firm, the capital raise is comprised of $80 million of convertible preferred equity, which closed on June 23 2023, as well as a $25 million commitment of long-term ... Read the full article
Slide fortifies financial position with additional $35m of capital
22nd June 2023
Full-stack homeowners insuretech Slide Insurance has announced the closing of a $35 million senior credit facility with Regions Bank. This investment fortifies the financial position of the Florida-based firm, according to the announcement. “Securing the capital structure to support our technology development and growth has been a key focus since our inception," ... Read the full article
Fidelis confirms IPO as it looks to take advantage of rate hardening
20th June 2023
Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited, has announced the launch of its initial public offering (IPO) of 17 million of its common shares, as the firm looks to "take advantage of the ongoing rate hardening" in key markets. The offering announced by Fidelis includes 5,714,286 of common ... Read the full article
Athora raises €600m through debt issuance
19th June 2023
Athora Holding Ltd., the European savings and retirement services group, has announced the successful completion of its first debt offering in the public capital markets. The transaction is a €600 million senior unsecured fixed rate notes issuance due in 2028. The notes are listed on the Global Markets Exchange of Euronext Dublin, ... Read the full article
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