Editor at Coverager
The news follows reports that Greenlight Re was looking to replace CEO Simon Burton.
This amounts to a workforce reduction of around 10% in the US.
October 30 - November 4, 2023.
Root ends Q3'23 with 259,522 policies in force.
The news comes after the CEO's remarks in August, expressing concerns about the company's financial stability.
The company's insurance segment includes information tools and access to insurance quotes including auto, home, health, and medicare.
Following these sales, Olive will wind down its remaining operations.
Commercial Lines achieved core earnings of $542 million.
Coverager’s Week in Review – October 22-28, 2023.
Hippo primarily operates as a personal property insurer and has raised over $1.2 billion since its inception.
Over the years, Greenlight Re has participated in at least 28 insurtech funding rounds, with noteworthy portfolio companies including Coterie, Openly, and Sana Benefits.
A summary of various insurance-related news and investment activities.
Dutch operates in the space of the now-defunct Fuzzy Pet Health.
Separately, former employees have gone to LinkedIn to share reports on layoffs.
New bookings will not be accepted as of October 10, 2023.
