Spinnaker Insurance News

Spinnaker Veterans Launch P/C Fronting Carrier With Backing From Bain Capital

Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience. Calling itself a “collaborative underwriting carrier,” the new entity hopes to …

Markets/Coverages: Home Insurer Hippo Expands to New York State

Hippo Insurance Services announced it will offer home insurance products in New York State. With New York, Hippo products are now in 38 states. New Yorkers will have access to Hippo’s offerings, including home insurance coverage, complimentary smart home devices …

Outdoorsy’s MGA Roamly Selling RV Rental Insurance Through Spinnaker in 3 States

Digital managing general agency Roamly will link with Hippo-owned carrier Spinnaker Insurance Co. to sell insurance for recreational vehicle rentals. Roamly is owned by Outdoorsy, a global online RV rental and outdoor travel marketplace. Earlier this summer, Outdoorsy raised more …

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 …

Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg

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 …

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 …

Orchid Underwriters Rolls Out Admitted Homeowners Products in Alabama

Orchid Underwriters Agency, LLC, a specialty underwriter of excess & surplus insurance focusing on coastal properties, has launched admitted residential homeowners’ products through a new partnership with Spinnaker Insurance Co., a national property and casualty insurer. Orchid will roll out …

FarmAssure Adds New Carrier

Edmond, OK, March 25, 2016- FarmAssure has announced that effective April 1, 2016, FarmAssure will continue writing all new and renewal Oklahoma property policies with a new carrier partner, Spinnaker Insurance Company. Spinnaker is rated A- Excellent by A.M. Best, …