Announced
Financials
Tags
Single Bidder
Cross Border
Friendly
FinTech
technology start-up
insurtech
United States
Private
Minority
Pending
Acquisition
Synopsis
MS&AD Insurance, a Japanese insurance company, agreed to invest $350m in Hippo Insurance, a home insurance provider. "Mitsui Sumitomo is one of the best when it comes to risk management and shares our desire to leverage data and analytics to create better outcomes for homeowners. We’re excited to deepen our partnership and gain additional catastrophe modeling expertise from one of the world’s largest insurers," Assaf Wand, Hippo CEO and Co-Founder.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.