Insurance leader Lemonade To Acquire Metromile

Lemonade (NYSE: LMND) the insurance company powered by AI and social good, and Metromile (NASDAQ: MILE, MILEW), the data science company focused on auto insurance, have entered into a definitive agreement pursuant to which Lemonade will acquire Metromile 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 at a...

Lemonade Names Irina Novoselsky and Silvija Martincevic to Its BOD

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it has elected two new members to its board of directors, Irina Novoselsky and Silvija Martincevic, effective immediately. Irina Novoselsky is a seasoned technology executive, with a strong record of driving growth and operational efficiency for complex, global organizations. She is currently the Chief Executive Officer and member of the Board of CareerBuilder, a global talent acquisition media and SaaS business. Previously she...

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