Latest development4 months ago
Roadzen to Acquire European MGA to Boost Car Rental Insurance Footprint
The acquisition is projected to add up to $20 million in revenue while managing over 800,000 insurance policies annually.
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Lemonade renewed its reinsurance program effective July 1, 2026, on improved terms, lowering its ceded premium rate to 18%. Separately, Roadzen signed a definitive agreement to acquire a leading European MGA focused on short-term car rental insurance. This acquisition is projected to add $18–20 million in revenue and approximately $1.6–2 million in EBITDA.
The acquisition is projected to add up to $20 million in revenue while managing over 800,000 insurance policies annually.
Read the full storyDigital insurer Lemonade renegotiated its reinsurance program to lower ceded premiums to 18%, allowing the company to retain more revenue and optimize its capital structure.
The insurtech expects to cede around 18% of premium to reinsurers effective July 1, 2026, down from the prior level, boosting retained economics and catastrophe protection.