Tokio Marine reveals participation in Lemonade’s reinsurance program

Tokio Marine Holdings has announced its participation in the reinsurance program of insurtech firm Lemonade, in what it views as the first step towards a larger strategic partnership.

The company has been a participant in the reinsurance program since July 1st 2020, which was around the same time that Lemonade secured $319 million through its initial public offering (IPO