pay-per-mile insurance News

JLT Re Packages Reinsurance Deal for Pay-Per-Mile Insurer Metromile

Pay-per-mile personal auto insurer Metromile announced a partnership with global reinsurance broker JLT Re for a risk transfer and unique reinsurance agreement. Hudson Bermuda led this reinsurance agreement which also includes MAPFRE RE. Metromile said the agreement gives it additional …

Canada’s Intact Financial Corp. Invests in Metromile, Pay-Per-Mile Insurer

Intact Financial Corp. has made a strategic investment in Metromile, a San Francisco-based provider of pay-per-mile car insurance. Toronto-based IFC, which is the largest provider of property & casualty insurance in Canada, said the venture is in line with its …