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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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The wholesale broking executive says Burns and Wilcox will obtain more market capacity during 2021.
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The US carrier expects to recover $16.7mn of premium by cutting off the treaty.
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The company is in the midst of a 20-state roll out that aims to double premium volumes to $200mn by the end of 2021.
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Auto insurers are watching closely to decide whether to offer further premium rebates.
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Listing capital will be enough to turn InsurTech "cash-flow positive" said the CEO.
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The InsurTech is taking advantage of its share price to double its book value with minimum dilution for shareholders.
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Root’s “4.0” underwriting model will bring “giant improvements", the CEO said at a Goldman Sachs conference.
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The insurer appears to have dropped a separate $30mn aggregate minor-perils collateralised cover that had taken losses.
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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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December’s low frequency benefit results in an estimated 6.6% net-headwind to personal auto losses.