Hippo to acquire Spinnaker Insurance Company.

Hippo Insurance Services, a licensed property casualty insurance agency, agreed to acquire Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states. Financial terms were not disclosed. "Spinnaker is excited to join the Hippo family. Since launching in 2015, Spinnaker has pioneered the concept of value-added fronting: working to create products that benefit the policyholder, the producer, the insurer, and the reinsurer. We know Hippo shares these ideals and we appreciate their relentless pursuit of innovative ways to grow their value proposition for all their customers. Spinnaker is very excited that as a result of this transaction, we can continue to transform the customer experience in ways that will help both companies, as well as all our current and future business partners," Dave Ingrey, Spinnaker CEO.