Hippo lands $26.6mn from Mainsail sale to Ingrey’s front Emerald Bay
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Hippo lands $26.6mn from Mainsail sale to Ingrey’s front Emerald Bay

The Bain-backed fronting carrier acquired Spinnaker’s shell subsidiary earlier this year.

By Jairo Ibarra
November 08, 2024
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Hippo logo NYSE.jpg

Homeowners’ InsurTech Hippo booked total cash proceeds of $26.6mn from the sale of its insurance-as-a-service unit Mainsail Insurance to Emerald Bay.

Hippo

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NewsM&AInsurTechFrontingHippoCommercial lines
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