Branch Insurance Layoffs 2024. Property/casualty insurance carriers led layoffs in the insurance industry last year, according to s&p global market intelligence analysis. After laying off 186 employees last june, insurance startup branch has made another round of layoffs that impacted 85 employees, according to our sources.
Here’s a breakdown of what companies have experienced layoffs in january 2024: Sources also shared that branch is looking to raise additional funding.
Lekas Did Not Announce The.
Based on information we obtained, 186 employees were let go.
Home And Auto Insurtech Branch Insurance Has Announced A Reduction In Its Employee Headcount.
Here’s a breakdown of what companies have experienced layoffs in january 2024:
Branch Insurance Exchange, The Reciprocal Managed By Insurance Startup Branch, Has Ended 2023 With $158 Million In Written Premiums, A 26% Increase.
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Branch Insurance Exchange Reported A Net Underwriting Loss Of $70.6 Million As Of September 30, 2023, A Significant Increase Compared To A $9 Million Loss.
According to coverager sources and social media posts, there has been a round of layoffs at branch.
31, According To Financial Reports To The Ohio Department Of Insurance.
An updated list of 2024 tech layoffs:
Insurtech Branch Has Initiated Another Round Of Layoffs, A Company Spokesperson Confirmed In A Statement To This Publication Friday.