Lemonade enters into $250m business financing agreement with Hannover Re
Lemonade, an artificial intelligence-driven digital insurer, has signed a commercial financing agreement with Hannover Re (Ireland) DAC, under which the reinsurer will provide up to $250 million to fund Lemonade’s sales and marketing expenses from January 1, 2027 to December 31, 2028. Under the terms of this new agreement, the funding has outstanding capital caps…