Hippo
-
The Insurance Insider US news team runs you through the earnings results for the day. -
The Bain-backed fronting carrier acquired Spinnaker’s shell subsidiary earlier this year.
-
Following the closing of the deal, Aviad Pinkovezky will be named First Connect CEO.
-
The carrier filed a separation agreement with the SEC on Wednesday.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Hippo shares were up 20%, while Root’s shares dropped over 20%.
-
The InsurTech’s cat weather loss ratio improved by 83%
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The InsurTech’s quarterly revenue increased 80.2% to $64.5mn.
-
The InsurTech will push for its services segments as main growth drivers.
-
The company also increased participating reinsurers to 19 from 14.
-
The decision to pull back from some business in the meantime will cause “additional [total gross premium] declines in 2024,” the executive said.
Related
-
Q3 earnings roundup November 2: Ryan Specialty, Hippo, Heritage, Fairfax
November 02, 2023 -
Need to Know: Hamilton, Hippo layoffs, Gallagher succession
October 27, 2023 -
Hippo reduces 120 employees or 20% of global workforce
October 26, 2023 -
Hippo starts workforce layoffs to curb expenses
October 26, 2023 -
Hippo explores sale of fronting business Spinnaker
October 17, 2023