Reinsurers Working With Peer-to-Peer Lemonade Inc. Include Lloyd’s Syndicates

Lemonade Inc., a company that says it is poised to launch the first peer-to-peer insurance company in the first half of the year, said it will work with reinsurers that include Lloyd’s syndicates.

Partners will include, the company said in a statement, Everest Re Group, Hiscox, National Indemnity Co., XL Catlin, Munich Reinsurance Co. and Transatlantic Reinsurance Co.

“Consumer trust in the insurance system is at the heart of the insurance business … With this collection of leading reinsurers, Lemonade’s customers will know this … venture is backed by some of the best and most established in the industry,” Michael McGavick, XL Catlin chief executive officer, said in a statement.

via AM Best

Reinsurers Working With Peer-to-Peer Lemonade Inc. Include Lloyd’s Syndicates

Leave a Reply

Your email address will not be published. Required fields are marked *