Home Insurance MGA Hippo Completes Acquisition of Spinnaker Insurance Co.

September 1, 2020

  • September 1, 2020 at 11:24 am
    Tiger88 says:
    Like or Dislike:
    Thumb up 1
    Thumb down 0

    This could be significant. Heretofore, none of the InsurTechs have been able to take on difficult property risk i.e. Florida coastal. Lemonade, Hippo, et al have not been able to produce any HO quotes in FL. Spinnaker does write admitted HO 6 business in Florida including coastal risks. This could encroach on the IA action here so it is something to be watched. If Hippo can acquire a few more coastal players they could really be a force to reckon with.

    • September 1, 2020 at 3:40 pm
      Mr. Solvent says:
      Like or Dislike:
      Thumb up 0
      Thumb down 0

      I don’t expect everyone to monitor the industry with as much heart as I do, but you must be sleeping. Kin and Swyfft have both been playing in coastal Florida business. Lemonade is licensed and is setting rates and rules. Hippo plays nice with IA’s as a necessary evil. I sure wouldn’t get into bed with them, but certainly some will.



Add a Comment

Your email address will not be published. Required fields are marked *

*