Some of the industry’s biggest players have agreed to back Lemonade, the world’s first peer-to-peer (P2P) insurance company, which has already attracted a number of well-known former re/insurance executives to its executive team. More to be announced in the coming months!
Some of the industry’s biggest players have agreed to back Lemonade, the world’s first peer-to-peer (P2P) insurance company, which has already attracted a number of well-known former re/insurance executives to its executive team. Berkshire Hathaway’s National Indemnity, Everest Re, Hiscox, Munich Re, Transatlantic and XL Catlin have all agreed to reinsurer the start-up alongside two as yet unnamed syndicates at Lloyd’s of London. Lemonade set records with its initial funding by investment firms Sequoia and Aleph, followed by its announcement that a cadre of senior insurance executives had jumped ship to Lemonade.
