Hippo Insurance News

Hippo Enters Commercial Insurance Market With Homeowners Association Product

Home insurtech Hippo is jumping into the commercial insurance market. The California-based managing general agency startup said its expansion will focus on “targeted commercial insurance” customers. Its first product in the space is a tailored homeowners association (HOA) product. That …

Extreme Weather, Repair Woes to Push Property Insurance Higher: Hippo CEO

Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday. As homeowners stayed home during the pandemic, …

People Moves: Hippo Adds Executives from Chubb, AIG, Tower Hill, Weston; Hub Names Rutt to Lead Cannabis

Hippo Names Executives Bienek, Primerano, Stienstra, Donahue Home insurer Hippo announced four executive appointments to its insurance team as it prepares to go public. Tim Bienek, Hippo’s chief insurance strategy officer, leads the development and execution of major insurance growth …

People Moves: Metromile Adds Capital One Exec; Spinnaker Names CEO From USAA; Carpenter’s Snyder Joins TigerRisk

Digital pay-per-mile auto insurer Metromile has hired a Capital One marketing veteran to help shepherd national growth. Troy Dye, who was with the credit card giant for 20 years, will have the title of senior vice president, Growth, once he …

Insurance Techknowledgy: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service

The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by judging panels grouped by their background—angel …

Home Insurance Agency Hippo to Go Public in $5B SPAC

Hippo Enterprises said it will go public through a merger with a blank-check firm, backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a deal that gives the merged entity a pro forma enterprise value of $5 billion. …

Insurance Techknowledgy: Hippo, Vertafore, Monte Carlo, Marble, Coterie, Buckle and More

Home insurer Hippo is partnering with ADT to add smart home services and discounts for home insurance customers. Hippo customers in select states who enroll in its smart home program will be offered free installation of an ADT smart home …

Hippo Gets $350M Investment, Reinsurance Treaty From Mitsui Sumitomo

Hippo Enterprises, an MGA insurtech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of the deal. Mitsui Sumitomo Insurance Co. Ltd., a subsidiary of MS&AD …

Home Insurtech MGA Hippo, Topa Insurance End Their 3-Year Partnership

Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, a technology-driven managing general agency offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move comes after Hippo’s acquisition of Spinnaker Insurance Co., a national insurer licensed in …

Home Insurance MGA Hippo Completes Acquisition of Spinnaker Insurance Co.

Hippo, an insurtech managing general agent focused on home insurance, has completed its acquisition of Spinnaker Insurance Co., with an expansion into additional states next on its plate. The deal, first announced in June, follows a multi-year partnership between the …