Metromile expects quota share to reduce to 65% after going public

Metromile and Cohen

Auto insurtech Metromile – which is to go public through a combination with a Cohen & Company-sponsored SPAC – expects to reduce its reinsurance quota share from 85 percent to 65 percent after its current programme with Hudson Structured, Mapfre, PartnerRe, Cincinnati and Topsail Re expires next April.

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