Insurance Covid-Cast: Insurtech 100 special - Lemonade CEO Daniel Scheiber talks AI, European expansion and IPOs
The CEO and co-founder of Lemonade has declared younger IPOs better for the long term viability of new technology businesses because it prevents them getting stuck in a state of ‘protracted adolescence,’ comforted by the ‘cocoon’ of private equity.
The insurer expects to raise around £213m from the London Stock Exchange float.
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David Ross looks at growth options for the group.
GWP and live customer policies are also up at the broker.
Company owns aggregator Comparethemarket.
Motor book and home insurance will continue to be key according to Richard Hoskins.
Company set to list on stock exchange in October.
Hyperion chief executive David Howden said its a sizeable merger and will take time.
Company valued at around £1.4bn.
Up to ten investors said to be interested in buying chunks of the group.
CEO Mark Hodges declines to link proposals to potential IPO.
Credit insurer posts results ahead of proposed IPO.
Hyperion continues to plan for IPO but timeline has not been decided.
Esure Group saw its post-tax profit jump 16.9% to £44.3m for the first half of 2013, up on the £37.9m recorded for the same period last year.
Moneysupermarket.com founder Simon Nixon has sold 100m shares in the company, bringing him a cash windfall of £200m.
BP Marsh has confirmed that it has £4m available for new investments as it promised major developments and changes.
BP Marsh is targeting new investment opportunities to make use of the £29.2m generated from the sale of its 80% stake in Hyperion to General Atlantic.
Equity firm General Atlantic has agreed to buy 30% of the shares in Hyperion Insurance Group, as the broking group prepares to float.
esure has set its initial public offering price at 290p a share, valuing the personal lines insurer at £1.2bn.
esure has announced its intention to float on the London Stock Exchange with an initial public offering (IPO).
Hyperion Insurance Group has reported revenue of £110.6m for 2012, up 42% from the £87m reported in 2011.
Small businesses are often subject to rapid change and growth, and it is essential that brokers and insurers understand how radically their risk profiles can evolve.
RBS has found buyers for the 33% stake in Direct Line it is selling to stock market investors.