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AUTOMOBILE INSURANCE
Lemonade, Metromile | August 01, 2022
Lemonade (NYSE: LMND), the insurance company powered by AI and social impact, today announced the closing of the acquisition of car insurance provider Metromile. Metromile shareholders received 7.3 million LMND shares, while Lemonade received a business with over $155m in cash, over $110m in premiums, an insurance entity licensed in 49 states, and a team unsurpassed in harnessing precision data for auto insurance. “We launched Lemonade Car a few months ago, and...
CORE INSURANCE, INSURANCE TECHNOLOGY
Verisk | October 19, 2022
Insurance Supermarket International Inc. (ISI), a North America-based InsurTech company that partners with multiple major life insurers, is using Verisk’s FAST technology platform to help expand its presence in the U.S. life insurance market. ISI has moved from its initial engagement with Verisk to launch in a two-month sprint, demonstrating the power of FAST to meet the needs of nimble innovators. ISI will initially use FAST to build a digitally enabled distribution managem...
RISK MANAGEMENT
Liberty Mutual Insurance | March 02, 2022
Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual's Global Retail Markets US business unit. Through the mutual transaction and merger, originally announced in July, Liberty Mutua...
Traveller | February 28, 2020
Traveller Assist, a provider of medical and security assistance in complex environments, has been appointed claims and assistance provider for a new Defense Base Act (DBA) provided by Chubb. All US government contractors and subcontractors working abroad on military bases are required to carry DBA workers’ compensation insurance to cover illness or injury among their employees. Traveller Assist has provided DBA assistance in the Middle East for the past two years on behalf of two major US ...
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