Lemonade
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The InsurTech grew customer count by 6.4% QoQ and said that growth in premiums per customer accelerated for the third straight quarter. -
The InsurTech got thousands of claims in just a few days, with CEO Daniel Schreiber describing it as a black swan event.
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Capital markets are adjusting to a new reality in which online communities of retail traders can fuel dramatic swings in equity prices.
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“We actually take very little interest in our day-to-day stock price” said the Lemonade CEO.
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Life insurance distribution is dominated by traditional agencies.
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Citron’s Andrew Left pledges to send Lemonade stock “right back to $100”.
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Inside P&C places the key news from the past week under the microscope.
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The primary component of the stock issue rises to 3.3 million shares from 3 million.
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The InsurTech will sell at least three million new shares, with existing investors offering another 1.5 million.
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The InsurTech’s shares have tripled since November.
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The governance practices at Lemonade, Root and Metromile are distinctly “management-friendly” and bear some resemblance to tech disruptors outside the industry.
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The InsurTech’s stock had dropped to $113.36 per share at close of business on Monday.
