Lemonade IPO prices at $29 a share, set for Thursday debut
Home and renters InsurTech Lemonade has raised the target range for its initial public offering, boosting the company’s prospective valuation to $1.54bn, amid heavy investor demand.
Auto Frequency Trends Show Signs of Decoupling as Virus Experience & Policy Differences Manifest
As we enter July, we continue to revisit the work we’ve been doing every month now to measure the observable decline in auto accidents by compiling data from real-time state traffic accident Read more
A marshmallow test for brokers?
With world governments and corporations facing “marshmallow tests” in relation to their reactions to the ongoing pandemic, it increasingly looks like brokers may be getting their own.
Watford shareholders show increased dissent against incumbent directors at AGM
The number of dissenting voters for Watford's director nominees, 27%, was up from 13% at last year’s AGM, which was held just five months ago.
Progressive results continue to spotlight Covid frequency benefits
The carrier’s May results continued to display the multiple moving pieces resulting from the Covid-19 crisis, with loss ratios low but appearing to be heading back up, but elevated expense offsets.
Little black books
One popular theory of modern insurance is that improvements to financial accountancy rules and governance requirements under Sarbanes-Oxley have made the days of the “Little Black Books” obsolete.
Lemonade’s IPO stands as a litmus test for InsurTechs
Many questions abound concerning the business’ long-term viability.
Post hoc ergo propter hoc
One popular way to think about the current P&C market is as a post-cat crisis market, driven by the Covid-19 losses.