McCathron Succeeds Founder Wand as CEO
Home insurer Hippo reports it has appointed Richard McCathron as chief executive officer. McCathron has served on Hippo’s board of directors and as the company’s president since February 2017.
In a related move, Assaf Wand, founder and prior CEO, has become executive chairman of the board to focus on long-term strategic initiatives.
Before joining Hippo’s executive team and board, McCathron held senior executive positions at multiple insurance companies including First Connect Insurance as its president and CEO from 2012 to 2017, Superior Access Insurance as president and CEO from 2007 to 2010 and Mercury Insurance Group as regional vice president from 2004 to 2007.
Hippo is headquartered in Palo Alto, California with offices in Austin, Dallas, Oakland and New Jersey, and sells insurance products in 38 states.
M&A Platform io.insure Launches in U.S. with Senior Hires
Insurtech io.insure, an online mergers and acquisitions (M&A) insurance marketplace for small-to-medium enterprise transactions, has launched in the U.S. with senior level hires Nate Stortzum and Gregory A. de Keersmaeker joining as managing partners.
The firm, part of the POP Holdings Group, brings together advisors, insurance brokers, accounting firms, corporate financiers, and banks, in a marketplace that offers niche products for customers in the small and medium business sector, and promises efficiencies in the broader M&A insurance market.
The firm and its global partnership with Fusion Specialty and its insurers currently serves markets from seven hubs across five continents. First available in Australia earlier this year, the platform is now being launched in the U.S. and will soon be expanded to the United Kingdom, Europe and Asia, with financial lines and other specialty products to be announced in the near future.
Stortzum will be responsible for distribution, sales, product and partnerships. Stortzum brings 17 years of experience in both senior broking and underwriting leadership roles. He was a member of Alliant Insurance Services, one of the largest M&A brokerage teams in the U.S., and ran professional, transactional and management lines in the Midwest region for Ironshore Insurance Services.
de Keersmaeker is responsible for building the global customer services arm, covering documentation, support, training, onboarding and enablement for the platform. He spent a decade in enterprise sales engineering at Cohesity and Commvault systems.
Topics Mergers & Acquisitions USA
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