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Assaf Wand, Hippo Co-founder and CEO

Spinnaker Insurance Company, Owned By HIPPO, Names Risk Veteran Torben Ostergaard as CEO

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By on news

Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states and rated A- (Excellent) by A.M. Best Company, wholly owned by Hippo Enterprises Inc., today announced the appointment of Torben Ostergaard as its new president and chief executive officer. Ostergaard joins Spinnaker after more than a decade in c-suite roles at insurance and financial services firm USAA. Dave Ingrey, who previously held the CEO position, will transition to chief operating officer and continue to play an integral role in shaping Spinnaker’s future. Most recently a Fortune 100 executive, Ostergaard brings 25 years’ experience as a risk officer…

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Assaf Wand, Hippo Co-founder and CEO

Hippo Secures $350 Million Capital Investment

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By on P&C

Hippo Enterprises, the high-growth insurtech group that’s transforming home insurance, announced a capital investment of $350 million from Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. Through this partnership, Takashi Sato, a managing partner of MS&AD Ventures, the corporate venture capital fund of MS&AD Insurance Group Holdings, will join Hippo’s board of directors as an observer. The investment will support Hippo’s product roll out in additional states, to reach 95 percent of the U.S. homeowners population in the next year, as well as providing additional capital for its insurance and reinsurance companies. The investment solidifies…

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Assaf Wand, Hippo Co-founder and CEO

Hippo Closes $150 Million Series E Funding Round, Bringing Total Raised to $359 Million

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By on P&C

Assaf Wand, Hippo Co-founder and CEO: We set out to change the relationship between homeowners and home insurance Hippo, the Israeli high-growth insurtech group that’s transforming home insurance, closed $150 million in Series E funding, valuing its business at $1.5 billion post-financing. Hippo’s innovative home insurance model includes world-class customer experience and services that proactively identify and help to resolve risks for its consumers. In the past 12 months, the company has grown its total written premiums to $270 million, growing at 140 percent YoY. Hippo welcomed FinTLV, Ribbit Capital, Dragoneer and Innovius Capital as new investors in the oversubscribed…

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Assaf Wand, Hippo Co-founder and CEO

Israeli Insurtech Company Hippo Acquires Spinnaker Insurance Company

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By on Investments, P&C

Hippo has entered into a definitive agreement, pending regulatory approval, to acquire Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states and rated A- (Excellent) by A.M. Best Company. As part of the acquisition, Spinnaker will join Hippo’s family of companies. Hippo Insurance Services has partnered with Spinnaker as its largest carrier platform since 2017, with Spinnaker-backed Hippo products currently available to consumers in more than 18 states. The acquisition of Spinnaker showcases the alignment between the two companies and the strength of the partnership built over the last 3 years. This strategic move will allow…

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Assaf Wand, Hippo Co-founder and CEO

Assaf Wand, CEO and Co-Founder of Hippo: The Best Policy Is The One That You Never Have To Use

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By on P&C

“Traditional insurance companies only interact with you when you’ve got a claim. Our insurance uses technology that could help prevent a claim from ever happening in the first place. Because, in our eyes the best insurance policy is the one that you never have to use”. These are the words of Assaf Wand, CEO and Co-Founder of Hippo. In a conversation with INSURTECH ISREAL NEWS, wand talks about Hippos unique Business Model, It’s effect on the Insurance Industry and the Customers.    5 years after being founded– how are the American people adopting your business model? Before I decided to…

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