Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lemonade, Inc. entered into Automatic Facultative Property Per Risk Excess of Loss Reinsurance Contract with Arch Re (effective 2023-06-21).
- Action
- entry
- Counterparty
- Arch Re
- Effective
- 2023-06-21
Exact text from the filing
and LIC agreed to the terms of an Automatic Facultative Property Per Risk Excess of Loss Reinsurance Contract with Arch Re (the "Automatic Facultative PPR Contract"), each effective from July 1, 2023 until June 30, 2024.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lemonade, Inc. entered into Property Per Risk Excess of Loss Reinsurance Contract with a panel of reinsurance companies (effective 2023-06-21).
- Action
- entry
- Counterparty
- a panel of reinsurance companies
- Effective
- 2023-06-21
Exact text from the filing
In addition, on June 21, 2023, LIC and Lemonade Insurance agreed to the terms of a Property Per Risk Excess of Loss Reinsurance Contract with a panel of reinsurance companies (the "PPR Contract")
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lemonade, Inc. entered into Whole Account Quota Share Reinsurance Contracts with each of Hannover Ruck SE, MAPFRE Re, and Swiss Reinsurance America Corporation (effective 2023-06-21).
- Action
- entry
- Counterparty
- each of Hannover Ruck SE, MAPFRE Re, and Swiss Reinsurance America Corporation
- Effective
- 2023-06-21
Exact text from the filing
The Reinsurance Program includes Whole Account Quota Share Reinsurance Contracts by and among the Company, Lemonade Insurance Company ("LIC"), Metromile Insurance Company ("MIC") and Lemonade Insurance N.V. ("Lemonade Insurance") and each of Hannover Ruck SE ("Hannover"), MAPFRE Re ("MAPFRE"), and Swiss Reinsurance America Corporation ("Swiss Re" and together with MAPFRE and Hannover, the "Reinsurers").
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