Hippo
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CEO Rick McCathron also said the company is seeking to diversify its portfolio. -
The Insurance Insider US news team runs you through the earnings results for the day.
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The deal triples Hippo’s new homeowner leads and extends Baldwin’s MGA capacity.
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Hippo will also provide capacity for existing and future MSI programs.
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Shares were down as much as 20% after Hippo posted a $48mn loss.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Consolidation options include fronts merging, competition, larger fronts becoming carriers and fronts being acquired by carriers.
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Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Bain-backed fronting carrier acquired Spinnaker’s shell subsidiary earlier this year.
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Following the closing of the deal, Aviad Pinkovezky will be named First Connect CEO.
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The carrier filed a separation agreement with the SEC on Wednesday.
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