NFP, An Aon Company, Acquires Pilot|RB™, Expanding Presence in the Northeast Region

Following Lemonade’s June decision to cut the ceded proportion of its quota share reinsurance from about 55% to 20%, CEO and Co-Founder Daniel Schreiber said the arrangement was used more for capital than risk management, adding that the policies protecting against risk concentration remain materially unchanged.The firm noted at the time that the decision to reduce the ceded proportion of its quot