– USA, CA – Metromile, Inc. (NASDAQ: MILE / MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced the appointment of John Butler to its Board as non-executive chairman designate effective August 4, to succeed Metromile founder David Friedberg who will remain a member of the board of directors.
“As part of our relationship with Cohen & Company, we have come to know John very well and have greatly benefited from his years of insurance industry experience. We are thrilled he is joining the Board.” said CEO Dan Preston.
“John is an incredible operator and investor with extensive insurance relationships around the world,” said David Friedberg. “I would be hard-pressed to find a better fit than John to take the reins as non-executive chairman, and I look forward to serving alongside him.”
The company also announced the appointment of Sandra Clarke as a Board member effective August 31.
Dan Preston added: “I am equally excited about Sandra’s appointment. She is a proven financial steward with years of experience at public companies, and she will be a strong addition to our Board.”
The company also announced that Betsy Cohen stepped down from the board of directors.
About John Butler
John Butler, head of Cohen & Company’s U.S. insurance asset management platform, is a 25-year insurance executive with deep global experience. Before joining Cohen & Company, Butler oversaw the investment of $4 billion principally in fixed income and insurance-linked securities at Twelve Capital, a European asset manager specializing in investment in the insurance sector.
“I have been fortunate to work with many insurance companies throughout my career, and I have not seen a company like Metromile. I feel honored to join Metromile’s board of directors and help contribute to the strong foundation Dan, Dave and the team have already put in place to build a disciplined generational company,” said Butler.
About Sandra Clarke
Sandra Clarke has more than 25 years of experience directing worldwide financial organizations in insurance and other highly regulated, critical industries. Before joining Blue Shield of California, Clarke held senior finance roles at Daiichi Sankyo, Philips Healthcare, and Siemens Water Technologies.
About Metromile
Metromile is a leading digital insurance platform in the United States. With data science as its foundation, Metromile offers real-time, personalized auto insurance policies by the mile instead of the industry’s reliance on approximations that have historically made prices unfair. Metromile’s digitally native product is built for the modern driver’s needs, featuring automated claims, complimentary smart driving features, and annual average savings of 47% over what they were paying their previous auto insurer.
In addition, through Metromile Enterprise, it licenses its technology platform to insurance companies around the world. This cloud-based software as a service enables carriers to operate with greater efficiency, automate claims to expedite resolution, reduce losses associated with fraud, and unlock the productivity of employees.
For more information : https://www.metromile.com/
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