Metromile (NASDAQ: MILE, MILEW) the digital insurance platform and pay-per-mile auto insurer, announced that at the Special Meeting of Stockholders held February 1, the Company’s stockholders approved proposal to adopt the merger agreement entered into with Lemonade, Inc. (NYSE: LMND) to acquire Metromile in an all-stock transaction that was previously announced. The merger proposal was […]
USAA’s Sean Burgess Named Chief Claims Officer at Lemonade
Lemonade announced the appointment of Sean Burgess as Chief Claims Officer. Burgess joins the insurance company after more than 25 years at USAA, serving the military community and their families. In his new role at Lemonade, Burgess will oversee the company’s key claims functions across the US and EU, and report to Gavin Blair, SVP, […]
Lemonade To Acquire Auto Insurer Metromile
Lemonade (NYSE:LMND) announced an agreement to acquire Metromile (NASDAQ: MILE, MILEW), the data science company focused on auto insurance, in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares […]