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The company expects to turn adjusted Ebidta positive by the end of 2024 with cash of at least $400mn.
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The New York-based InsurTech expects to complete the necessary work to file its annual report within the extension period provided by SEC rules.
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Tesla understands the data-driven nature of insurance and is looking to grow its auto insurance exposure, but the focus is on cars first
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Binkley previously served as deputy CFO, chief accounting officer and principal accounting officer.
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Lemonade and Root both reported strong Q4 results, but will need to execute plans to near-perfection to turn things around.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The closing exceeded Altai’s initial target of $50mn, against the backdrop of a slowdown in investments in the InsurTech space.
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The executive also stepped down from the InsurTech’s board of directors on Monday.
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Inside P&C’s news team runs you through the key highlights of the week.
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Lemonade will lean more into growing its renter's book in 2023 than it has in the past while it waits to see the rate impacts in other books.
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CFO Rob Bateman said that loss ratio improvements and adjustments around cost structure will work to bring the cash burn down.