Team announcement

Betsy Cohen joins Metromile Board of Directors

Betsy Cohen joins Metromile Board of Directors, Metromile

Insurance company Metromile, Inc. has added financial technology veteran Betsy Cohen to its board of directors.

“Betsy is a world-class financial service, investing and insurance executive, and we are thrilled to have someone of her stature supporting Metromile,” said Metromile Founder and Executive Chairman David Friedberg. “We could not welcome a more seasoned industry leader to our board of directors to help us up-end the industry.”

Ms. Cohen is the founder, former CEO and chairman of both The Bancorp Bank and JeffBanks, Inc. and its subsidiaries. She has well over 40 years of financial leadership experience, including being chairman of the board of directors of FinTech Acquisition Corp. III, FinTech Acquisition Corp. IV, FTAC Olympus Acquisition Corp, and RAIT Financial Trust.

“I believe Metromile is doing what no one else can in the insurance industry: by building for each individual instead of rough classes or proxy groups, Metromile created a business with unmatched unit economics and most importantly, mass appeal and staying power with consumers,” said Ms. Cohen. “I believe that Metromile is bound for substantial scale as one of the only insurers leading the way toward the autonomous future, creating insurance that is fairer and provides more value.”

More announcements from Metromile

Team announcement

Capital One Marketing Veteran Joins Metromile to Lead Growth and Nationwide Expansion

Capital One Marketing Veteran Joins Metromile to Lead Growth and Nationwide Expansion

Metromile, Inc., a leading digital insurance platform and pay-per-mile auto insurer, today announced Capital One marketing veteran Troy Dye will join the company in the new role of Senior Vice President, Growth on May 24, 2021. He will oversee a fast-growing team of growth, acquisition, brand and marketing professionals as a member of the leadership team. Dye will be responsible for bringing Metromile’s vision of fairer and real-time insurance to more drivers at a time when consumers increasingly seek pay-per-mile auto insurance and greater flexibility and digital experiences from their insurer. “Having spent more than 20 years at Capital One, Troy stood out as a disciplined, data-driven marketer who balances growth and profitability,” said Metromile Chief Executive Officer Dan Preston. “Troy joins at a critical juncture as we rapidly scale the business in our existing footprint and lay the groundwork to bring Metromile to more than 100 million drivers nationwide. He is a hands-on team leader, strategist and operator, and I am confident he will drive our growth engine forward.” Dye has focused his marketing career transforming brands and marketing machines for large, data-driven and digital personal finance products. He was most recently Managing Vice President and Head of Card Marketing, Engagement and Insights for Capital One’s (NYSE: COF) domestic consumer credit card business. Previously, he held executive roles leading marketing for Capital One’s small business credit card and partnerships divisions and the brand strategy for the U.S. credit card business and the marketing team in Canada. He was also a Practice Manager for the small business practice at Corporate Executive Board, helping Fortune 500 companies effectively market to small business owners. “As a Metromile customer, I have seen firsthand how the company sets itself apart through its personalized experience and impactful savings,” said Dye. “I am thrilled to join Metromile as pay-per-mile auto insurance hits a tipping point, and I look forward to providing drivers a better value proposition and expanding our reach across the country.” Dye also serves on the board of directors of NextUp, a nonprofit organization focused on providing quality after-school programs for middle school students in Richmond, Virginia. He is an alumnus of the University of Virginia and the United States Naval Academy. Metromile will begin expanding nationwide in the second half of 2021. The digital insurance platform’s data from the first three months of 2021 indicates driving is returning to as much as 95% of pre-pandemic levels. Social trends, such as increased remote work and larger suburban and rural communities, point to a new normal with more Americans changing how they get around and becoming low-mileage drivers, looking for new ways to save.

Team announcement

Metromile Names Regi Vengalil Chief Financial Officer

Metromile Names Regi Vengalil Chief Financial Officer

Metromile, Inc., a leading digital insurance platform and pay-per-mile auto insurer, today announced Regi Vengalil will join the company as Chief Financial Officer on May 24, 2021. Vengalil will be responsible for Metromile’s financial management, including financial planning and operations, treasury, investor relations, reinsurance and corporate development. He will play a critical role in advancing Metromile’s continued growth strategies and focus on ensuring the strength of the company’s balance sheet and delivering sustainable and profitable unit economics. “Regi has an impressive track record as a financial steward, corporate development strategist and operations executive. With his financial expertise and leadership, we are primed to enhance our unit-economic advantage and rapidly scale our business,” said Metromile Chief Executive Officer Dan Preston. “As a Metromile customer for six years, I have experienced firsthand the value Metromile can bring to drivers through fairer prices, fast claims resolution and a better experience. Dan and the team have made insurance real-time, individualized and fairer, and they are working to build a more engaging and profitable insurance enterprise,” said Vengalil. “I am eager to help Metromile expand its mass appeal and further position us to rapidly and profitably grow our business and deliver long-term shareholder value.” Vengalil most recently served as CFO of Egencia, Expedia Group’s (NASDAQ: EXPE) corporate travel division, where he led the global finance team of more than 100 professionals and was responsible for the division’s financial planning and operations, controllership and commercial finance. Before becoming CFO of Egencia, he also served as a member of Expedia Group’s executive team as global head of corporate development and strategy. Before joining Expedia Group, he was head of strategy, mergers and acquisitions, and business operations at LendingClub (NYSE: LC). Earlier in his career, he led teams advising financial services and travel firms on growth strategies at McKinsey & Company. He is also currently a member of the board of directors of Porch Group (NASDAQ: PRCH), a home services vertical software company. Vengalil holds a master of business administration and bachelor of science in economics; both earned with honors from the Wharton School of the University of Pennsylvania.

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