Lemonade (NYSE: LMND), the insurance company powered by AI and social impact, today announced the close of its divestiture of Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform, EIS. EBS was Metromile’s SaaS claims automation and fraud detection platform which it licensed to large insurance carriers.

The all-cash transaction was completed following the close of Lemonade’s acquisition of Metromile last week. Terms of the deal were not disclosed. Keefe, Bruyette & Woods, a Stifel Company, acted as financial advisor in connection to the transaction.

Source: Lemonade

Contact Us

Thank you for your interest in ITC Europe! We look forward to hearing from you. Contact us below with general inquiries.

Name(Required)
I am interested in:(Required)
Business Communications Consent(Required)
Privacy Policy Consent(Required)

Register Your Interest

Sign up now to be the first to hear when tickets are available, find out who gets added to the European line-up, and keep on top of latest industry news and insights.  

Name(Required)
I am interested in:(Required)
Business Communications Consent(Required)
Privacy Policy Consent(Required)