(Photo credit: Evan-Amos.)
Lemonade, the New York-based startup billing itself as the world’s first peer to peer insurance company, has announced the appointment of William D. (Bill) Latza as its Chief Compliance Officer and General Counsel.
Latza joins Lemonade, after 25 years as Partner at the esteemed law firm Stroock & Stroock & Lavan LLP, where he specialized in insurance law. His leadership in insurance law has been recognized by Chambers U
SA, the International Who’s Who of Business Lawyers, the Guide to the World’s Leading Insurance and Reinsurance Lawyers, as well by the New York area Super Lawyers and Best Lawyers publications. He served as Lemonade’s external counsel since its founding in 2015.
“Bill was instrumental in getting Lemonade Insurance Company licensed in New York State,” comments Daniel Schreiber, CEO and co-founder, Lemonade. “His invaluable experience in insurance regulation, and his indispensable network within the national insurance ecosystem, will be vital in propelling Lemonade onwards and upwards.”
A Lemonade statement describes Latza is a sought-after speaker and author in various insurance seminars and forums, principally in the areas of insurance-related acquisitions and financings, alternative and capital markets risk transfer, and reinsurance transactions.
‘I Haven’t Had This Much Fun Since College’
“When I started advising Lemonade, the first thought that jumped into my mind was ‘I haven’t had this much fun since college,’” comments Latza. “What Lemonade is doing in New York from a legal perspective is remarkable. Working hand in glove with New York regulators to get licensed as a carrier in order to provide consumers with a new kind of insurance company that celebrates social good, is a milestone for the industry nationwide. I’m thrilled to be part of this journey.”
In September, Lemonade announced that it had opened for business and was “licensed as a full-stack insurance carrier” by New York State. The insurer says that homeowners and renters in the state can now get insured and settle claims instantly, anytime and from any device at www.lemonade.com or through the Lemonade app.