Investment provides FLP with additional capital to support advisor growth, enhance the client experience, and accelerate the firm’s national expansion

LYNNFIELD, Mass., July 29, 2026 /PRNewswire/ — F.L.Putnam Investment Management Company (“FLP”) today announced that Bixby Wealth Solutions (“Bixby”), an arm of Moontower Group, has made a minority investment in the firm. Financial terms of the transaction were not disclosed.

FLP manages more than $11 billion in assets for clients as of July 1, 2026, and has more than 165 employees located across 14 offices in the U.S. The firm will continue to operate independently and under the same leadership team led by CEO Tom Manning, and FLP employees will continue to hold a significant minority equity stake in the firm.

“This strategic investment positions FLP for our next phase of growth,” said Tom Manning, CEO of FLP. “Partnering with Bixby provides us additional flexibility to invest in our people, technology, and capabilities while pursuing selective opportunities to expand into new markets and welcome like-minded advisors to the firm. Most importantly, it enables us to continue delivering the thoughtful, personalized advice our clients have trusted for more than 40 years.” Manning added, “I would like to thank the Emigrant Partners team for their support and assistance over the past four years. We are grateful for the partnership and proud of what we achieved together.”

Bixby, an arm of Moontower Group, is a specialist platform that forges strategic minority partnerships with independent wealth management firms and is backed by Carlyle’s (NASDAQ: CG) Global Credit Business. For its partner companies, the Bixby platform offers scalable capital to facilitate firm growth and promote a culture of internal equity ownership across generations.

“We believe Tom and the FLP leadership team have built an exceptional firm with a strong culture, a highly respected brand, and an unwavering commitment to their clients,” commented Russell Valdez, Managing Partner and Founder of Moontower Group. “We are excited to support the next chapter of FLP’s growth by helping the firm continue to attract outstanding talent, pursue strategic opportunities, and invest in the capabilities that will position FLP for long-term success.”

Ardea Partners LP served as exclusive financial advisor to FLP.

About F.L.Putnam Investment Management Company
F.L.Putnam Investment Management Company (FLP) is an independent registered investment adviser that serves a broad and diverse group of clients including individuals, single and multi-family offices, endowments, foundations, and other wealth managers. The firm provides a comprehensive suite of investment, financial planning, trust, and family office solutions that help clients build, preserve, and manage their wealth. Headquartered in Lynnfield, Massachusetts, FLP has been serving clients nationally for more than 40 years. For more information, please visit www.flputnam.com or follow FLP on LinkedIn.

About Bixby Wealth Solutions
Bixby Wealth Solutions, an arm of Moontower Group with the backing of Carlyle’s Global Credit business, is a specialist in forging strategic minority partnerships with independent wealth management firms and similar professional services businesses with a long-term horizon. The Bixby platform offers its partner companies scalable capital to fuel firm growth and facilitates and fosters a culture of internal equity ownership across generations.

About Moontower Group
Moontower is a private investment studio based in Austin, Texas. Our mission is to build enduring companies, lasting partnerships and thriving business ecosystems. We look to partner with exceptional people and companies and seek to power their generational vision with capital, talent and innovation. Moontower focuses on building businesses linked to financial services and real assets. Further information is available at www.moontower.com.

Contact
KWM Communications
Kellie Walsh/Erin Farrell Talbot
FLP@kwmcommunications.com 

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SOURCE F.L.Putnam Investment Management Company

New integration between Armis Centrix ™ and Cyware Intelligence Suite provides proactive, asset-centric cybersecurity defense

NEW YORK, July 29, 2026 /PRNewswire/ — Cyware, the leader in agentic AI-powered threat intelligence operationalization, today announced a partnership with Armis from ServiceNow, a global leader in cyber exposure management & security, to deliver asset-centric threat intelligence operationalization. The collaboration combines Armis’ unparalleled real-time asset visibility with Cyware’s advanced threat contextualization capabilities. This empowers security teams to seamlessly map global threat intelligence directly onto their unique asset landscapes, moving organizations from reactive firefighting to proactive, automated defense.

The modern enterprise faces an increasingly sophisticated threat landscape where adversaries leverage automated “agentic” swarms to scan for vulnerabilities. Simultaneously, the proliferation of IoT, OT, and unmanaged devices has created a “visibility gap,” making a significant portion of environments invisible to traditional security agents.

The Need for Asset-Centric Contextualization
To be effective, threat intelligence must be contextualized against an organization’s specific asset landscape. Security teams must identify not just the existence of a threat, but which specific assets—from medical equipment to manufacturing controls—are exposed to a specific actor’s techniques, tactics, and procedures.

The Armis from ServiceNow & Cyware Strength
Armis provides continuous, real-time asset intelligence through Armis Centrix™, the Armis Cyber Exposure Management Platform. Cyware complements this with its advanced Threat Intelligence Contextualization Platform and Workflow Automation engine, Cyware Intelligence Suite, using Agentic AI to dynamically prioritize risk, reveal attack paths, and drive preemptive mitigation.

A Proactive Defense Supercharged by AI
The integration supercharges security operations by correlating asset profiles against global threat feeds and historical data specific to each customer and what matters to them right now. This enables automated responses based on real-time telemetry, ensuring high-value assets are shielded the moment a relevant, customer specific threat is identified.

“The integration of Armis and Cyware eliminates the silos between asset management and threat intelligence,” said Sachin Jade, Chief Product Officer at Cyware. “By providing asset-centric threat contextualization, we are giving CISOs the ‘ground truth’ they need. We aren’t just identifying risks; we are using AI-driven orchestration to remediate those risks before the adversary can pivot. This is the future of proactive defense.”

“This partnership empowers joint customers to bridge the critical gap between real-time asset visibility and automated threat response,” said Nadir Izrael, group vice president at Armis from ServiceNow. “Together, we are enabling security teams to shift from reactive, manual firefighting to a proactive, AI-driven defense that protects their entire attack surface.”

Cyware is leading the industry in Agentic AI-powered operationalized threat Intelligence and collective defense, helping security teams transform threat intelligence from fragmented data points to actionable, real-time decisions. We unify threat intelligence management, intel sharing and collaboration, as well as hyper-orchestration and automation — eliminating silos and enabling organizations to outmaneuver adversaries faster and more effectively.

From enterprises to government agencies and ISACs, Cyware empowers defenders to turn intelligence into action.

To learn more about Cyware, visit www.cyware.com.

ServiceNow, the ServiceNow logo, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

Media Contact:
Danielle Ostrovsky
Hi-Touch PR for Cyware
Ostrovsky@Hi-TouchPR.com

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SOURCE Cyware

Company Also Announces CFO Transition Plan; Tim Bixby, CFO, to Join Lemonade Board of Directors at Year End; Nick Stead, SVP Finance, to be Appointed Chief Financial Officer

NEW YORK, July 29, 2026 /PRNewswire/ — Lemonade, Inc. (NYSE: LMND) today reported its second quarter 2026 financial results. You may view the financial results in Lemonade’s Q2 2026 Letter to Shareholders, posted to its website.

Today, Lemonade will host a conference call at 8:00 am Eastern time (5:00 am Pacific time) to discuss the results. To join the call, please dial in, toll-free at +1 833-461-5787, or at +1 585-542-9983; access code: 869 766 992.

To join the live webcast, please visit the Lemonade Investor Relations website. Following the completion of the call, a replay will be made available on the website.

Separately, Lemonade announced a planned leadership succession in which Tim Bixby, Lemonade’s CFO since 2017, will transition from his current role to a seat on Lemonade’s Board of Directors, effective January 1, 2027. Nick Stead, SVP Finance, will then succeed him as Chief Financial Officer. Mr. Bixby will continue in his current role as CFO until then to ensure a smooth transition.

In his current role, Mr. Stead has been central to several Lemonade financial milestones, including a successful IPO and secondary offering, a strategic acquisition, and more recently, the establishment of two strategic growth financing partnerships. Prior to joining Lemonade, he held strategic finance roles in technology and financial services, graduated cum laude from Princeton University, and was a Fulbright Scholar.

About Lemonade

Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow Lemonade on X and Instagram for updates.

Cautionary Note Regarding Forward-Looking Statements

This press release and our earnings release and call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release are forward-looking statements, including the financial results and quarterly and annual outlook.

These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements expressed or implied to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the following: our financial outlook for the third quarter and full year 2026, our financial outlook and results, our financial metrics, including our key performance indicators, our ability to acquire new business, including growth of our car and pet products, our marketing efficiency, the expected benefits, accuracy and growth of our predictive and generative AI models, and their effects on handling loss ratios, LAE and other metrics, our anticipated growth, profitability, our industry, business strategy, plans, goals and expectations concerning our market position, future operations, reinsurance coverage, capital efficiency ratio, and other financial and operating information, our history of losses and that we may not achieve or maintain profitability in the future; our success and ability to retain and expand our customer base; the “Lemonade” brand may not become as widely known as incumbents’ brands or the brand may become tarnished; the denial of claims or our failure to accurately and timely pay claims; our ability to attain greater value from each user; availability of reinsurance at current levels and prices; our exposure to counterparty risks; our limited operating history; our ability to manage our growth effectively; our proprietary artificial intelligence algorithms may not operate properly or as expected; the intense competition in the segments of the insurance industry in which we operate; our ability to maintain our risk-based capital at the required levels; our ability to expand our product offerings; the novelty of our business model and its unpredictable efficacy and susceptibility to unintended consequences; the possibility that we could be forced to modify or eliminate our Giveback; regulatory risks, related to the operation, development, and implementation of our proprietary artificial intelligence algorithms and telematics based pricing model; legislation or legal requirements that may affect how we communicate with customers; the cyclical nature of the insurance industry; our reliance on artificial intelligence, telematics, mobile technology, and our digital platforms to collect data that we utilize in our business; our ability to obtain additional capital to the extent required to grow our business, which may not be available on terms acceptable to us or at all; our actual or perceived failure to protect customer information and other data as a result of security incidents or real or perceived errors, failures or bugs in our systems, website or app, respect customers’ privacy, or comply with data privacy and security laws and regulations; periodic examinations by state insurance regulators; underwriting risks accurately and charging competitive yet profitable rates to customers; our ability to underwrite risks accurately and charge competitive yet profitable rates to our customers; potentially significant expenses incurred in connection with any new products before generating revenue from such products; risks associated with any costs incurred and other risks as we expand our business in the U.S. and internationally; our ability to comply with extensive insurance industry regulations; our ability to comply with insurance regulators and additional reporting requirements on insurance holding companies; our ability to predict the impacts of severe weather events and catastrophes, including the effects of climate change and global pandemics, on our business and the global economy generally; increasing scrutiny, actions, and changing expectations on environmental, social, and governance matters; our growth financing agreements with General Catalyst and Hannover Re may not function as expected; fluctuations of our results of operations on a quarterly and annual basis; our utilization of customer and third party data in underwriting our policies; limitations in the analytical models used to assess and predict our exposure to catastrophe losses; potential losses could be greater than our loss and loss adjustment expense reserves; the minimum capital and surplus requirements our insurance subsidiaries are required to have; assessments and other surcharges from state guaranty funds; our status and obligations as a public benefit corporation; our operations in Israel and the current political, economic, and military instability, including the evolving conflict in Israel and surrounding region.

These and other important factors described under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed on February 25, 2026, and in our other subsequent filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s beliefs as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

NEWS & INFORMATION DISCLOSURE

Investors should note we may use our website (investor.lemonade.com), blog (lemonade.com/blog), X (@Lemonade_Inc), and LinkedIn as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.

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SOURCE Lemonade, Inc.