Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today. INSU Acquisition Corp. II, a publicly traded SPAC, announced that …
Auto insurer Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded company. Ryan Graves, Uber’s former senior …
Metromile Inc., the pay-per-mile auto insurer, has reached a deal to go public by merging with Insu Acquisition Corp. II (Insu II), a special purpose acquisition company (SPAC). The merger will result in Metromile becoming a publicly listed company without …
Auto insurer Metromile said it is teaming up with Ford Motor Co. to provide owners of Ford vehicles with connectivity technology with personalized car insurance. Ford is Metromile’s first agreement with a major manufacturer and Metromile said its models are …
Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced that Tokio Marine Holdings had deployed a …
San Francisco, Calif.-based startup Metromile announced today that Tokio Marine Holdings Inc. has become the first insurance carrier to license Metromile’s Connected Intelligence Platform. Metromile in July announced $90 million in Series E funding co-led by Tokio Marine and Intact …
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 …
San Francisco, Calif.-based Metromile has named Carrie Dolan chief financial officer. Dolan is joining Metromile to help lead the company’s next phase of growth. Dolan most recently served as CFO of Lending Club, an online credit marketplace connecting borrowers and …
While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of uncertain economic outlook and evolving government policies in China …
Pay-per-mile auto insurer Metromile has announced a new automated claims service that allows customers to file a claim entirely from their mobile phone or online dashboard. The insurer says some claims can be resolved within an hour. Customers can also …
