Allianz invests in Lemonade

Allianz has taken a minority stake in high-profile InsurTech
start-up Lemonade, with the German carrier promising to accelerate
the firm's expansion in the US and internationally.
The backer didn't say how much it invested or specify the
size of its stake. Before the latest injection Lemonade had raised
at least $60mn in three equity funding rounds since December
2015.
Allianz chief digital officer Solmaz Altin said in a statement
today: "We follow the InsurTech space closely and globally,
and h