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21 06 2020

Lemonade – Company Structure

« Lemonade » is the name for products and services provided by a group of commonly-owned companies that provide, distribute and service insurance.
Lemonade, Inc., a public benefit corporation organized under Delaware law, is the parent company in the group and it provides certain personnel, facilities and services to each subsidiary company in the group. It owns 100% of the following subsidiary companies in support of its European operations:

Lemonade B.V. is a Holding Company organized under Dutch law that is the parent company of Lemonade’s European operations.
Lemonade Insurance N.V. (tradename: Lemonade Insurance) is an insurance corporation organized under Dutch law and registered with the Dutch Chamber of Commerce under number 73227420. This company issues your policy and pays your claims. It is licensed by De Nederlandsche Bank (DNB) as an insurance company in The Netherlands with relation number: R162036 and approved to sell in other European countries where Lemonade insurance is available. See our imprint here.
Lemonade, Ltd, a corporation organized under the laws of Israel. This company provides technology and research and development to the companies in the group.

Reinsurance

As mentioned above, a big part of what we do with your premiums is to buy reinsurance. So what is reinsurance? It’s the way insurance companies hedge the risks their policyholders pay them to assume. Think of it as insurance for insurance companies. Our reinsurance program protects Lemonade Insurance Company against large individual losses and accumulations of losses (such as would result from a hurricane). Suppose we pay a claim under your policy, and that payment is reinsured. Then the reinsurance company would reimburse Lemonade Insurance N.V. for all or part of that payment.

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