Spinnaker gets snapped up by insurtech Hippo

Spinnaker Insurance Company, the well-known program and fronting service specialist that was founded by ex-Arch Re Ingrey family members, has been sold to insurtech Hippo. Hippo is a high-growth, technology focused insurance company that aims to transform home insurance and ownership completely. It turns out that Hippo had already been working with Spinnaker as its…

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Plenum launches UCITS fund with cat bond & insurance debt focus

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has launched the Plenum Insurance Capital Fund, a UCITS ILS fund that will allocate to both catastrophe risks and subordinated insurance debt instruments. The move follows a recent announcement of senior hires at Plenum Investments with a focus on insurance…

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CCRIF Caribbean parametric risk pool grows over $1bn, as members renew

The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility) has expanded its parametric disaster insurance risk pool to more than $1 billion, as all of its Caribbean member countries renewed their coverage and some expanded the protection they benefit from. The CCRIF SPC provides parametric disaster insurance protection to Caribbean and Central…

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