U.S. online bank Ally Financial has agreed to backstop home insurance policies provided by Hippo Holdings Inc., providing capital for the latter to generate more business, the companies told Reuters. Hippo will underwrite the policies and sell them to consumers, …
Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The company, which has a $5 billion valuation and is due to …
Metromile and Hippo Insurance are partnering to offer home and auto insurance in a discounted bundled product. Drivers and homeowners will be able to purchase pay-per-mile auto insurance from Metromile and homeowners insurance from Hippo and save up to 15 …
Hippo in Palo Alto, Calif. has added new leadership to its technology team led by Chief Technology Officer Ran Harpaz. The newly appointed technology leaders will be responsible for expanding and enhancing the delivery of Hippo’s technology services to reach …
Chubb has appointed Lyndsey Christofer as executive vice president, Construction Industry Practice Leader for its large account segment. In this capacity, she will oversee a team of construction underwriting and service specialists across multiple lines of business. In addition, she …
Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with Reinvent Technology Partners, a special purpose acquisition company that …
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 …
Palo Alto, Calif.-based insurtech Hippo has named Sandra Wijnberg to its board as an independent director. Wijnberg has experience in insurance, private equity and board governance. She currently serves as audit committee chair of Automatic Data Processing Inc. and Cognizant …
Following the COVID-19-induced slowdown in global insurtech investment during the first months of 2020, insurtech firms raised $1.56 billion during the second quarter. The total, up 71% over Q1, was driven in part by later-stage investments, including four “mega-rounds” in …
Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to help Hippo – a managing general …
