Hippo partners with Greenlight Re to link early-stage insurance investment with Spinnaker carrier capacity
PR Newswire•28/10/2026•16:15 ET
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Key Highlights
- ➤Hippo partners with Greenlight Re Innovations on early-stage insurance program investments
- ➤Spinnaker becomes preferred U.S. admitted carrier for qualifying co-invested programs
- ➤Greenlight Re provides reinsurance capacity and expertise for supported insurance risks
- ➤Partnership builds on several existing programs jointly supported by the companies
Expert Statements
Rick McCathron, president and CEO of Hippo
“We believe the MGA and program market remains one of the most dynamic areas of insurance”
Rick McCathron, president and CEO of Hippo
“Our partnership with Greenlight Re brings experience identifying and backing those businesses, giving us opportunities to participate in emerging innovative programs both as an investor and through Spinnaker's role as their carrier.”
Rick McCathron, president and CEO of Hippo
“It supports our strategy to grow across insurance products while applying the underwriting discipline that has shaped Hippo's business — the same discipline that helped build many of our biggest program partners today.”
Jesse Willmott, president, reinsurance and portfolio management at Spinnaker Insurance Company
“This partnership combines Greenlight Re's track record of making significant investments in emerging businesses, and Spinnaker's track record of quickly bringing programs to market with the right underwriting capabilities and capacity”
Jesse Willmott, president, reinsurance and portfolio management at Spinnaker Insurance Company
“We already support a number of businesses that Greenlight Re has backed, and this partnership gives us a way to work together to deliver a more efficient model as new programs take shape.”
Greg Richardson, CEO of Greenlight Re
“Since 2018, Greenlight Re Innovations has built a diverse portfolio of technology-driven insurance businesses”
Greg Richardson, CEO of Greenlight Re
“Our partnership with Hippo and Spinnaker gives those businesses more ways to scale, and it fits our focus on disciplined, profitable growth.”
Hippo partners with Greenlight Re to link early-stage insurance investment with Spinnaker carrier capacity PR Newswire
Agreement lays the foundation for Hippo to evaluate opportunities to invest alongside Greenlight Re and positions Spinnaker as the preferred U.S. admitted carrier for qualifying insurance programs
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