Lloyd's, XL Catlin, Munich Re Among Lemonade's Reinsurance Backers

Peer-to-peer insurance startup Lemonade said it has signed on several global reinsurers, including Lloyd’s of London, XL Catlin and Berkshire Hathaway’s National Indemnity. Everest Re, Hiscox and Munich Re have also come on board as Lemonade’s reinsurance partners. Reinsurance backing enables Lemonade to proceed with its consumer launch “in the coming months,” according to the startup’s Jan. 9 announcement, though the company doesn’t yet specify a particular launch date. Lemonade has said that it will launch in the first half of 2016.