Assurex Global Reinsurance Financing
Assurex Global Reinsurance Ltd, Corporation just filed form D because of $2.00 million equity financing. The date of first sale was 2015-10-13. Assurex Global Reinsurance was able to fundraise $120,000 so far. That is 6.00% of the financing offer. The total private financing amount was $2.00 million. The form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $1.88 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Assurex Global Reinsurance is based in Ohio. The filler’s business is Insurance. The SEC form was submitted by Andrew Hupman Treasurer. The company was incorporated more than five years ago. The filler’s address is: C/O Strategic Risk Solutions, Wellesley House, 90 Pitts Bay Road, Hamilton, D0, Bermuda, Hm 08. William H. Kable is the related person in the form and it has address: Rcm&D, 555 Fairmount Ave., Baltimore, Md, Maryland, 21286. Link to Assurex Global Reinsurance Filing: 000169066516000002.
Analysis of Assurex Global Reinsurance Offering
On average, companies in the Insurance sector, sell 70.00% of the total offering size. Assurex Global Reinsurance sold 6.00% of the offering. The financing is still open. The average offering size for companies in the Insurance industry is $996,000. The offering was 87.95% smaller than the average of $996,000. Of course this should not be taken as negative. Firms raise funds for different needs and reasons. The minimum investment for this fundraising is set at $40000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Assurex Global Reinsurance Also
The Form D signed by Andrew Hupman might help Assurex Global Reinsurance Ltd’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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