About Spinnaker
Spinnaker is a Financial Services company based in Morristown (United States) founded in 2014, and was acquired by Hippo in June 2020. Spinnaker is engaged in providing program insurance solutions. It operates on a Brokerage / Intermediation and Professional Services model. Its chief executive is David Ingrey. Spinnaker offers products and services including Program Insurance and Reinsurance Access. Its focus areas include Financials, Insurance and Property and Casualty Insurance. Its legal entity is Spinnaker Insurance Company. Its competitors include National General Insurance, AmTrust Financial, The Hartford, Intact Ventures and The Hanover Insurance Group and 5 more; 1 of its 10 listed competitors has raised funding.
Company details
Spinnaker Insurance Company is involved in underwriting personal and commercial insurance lines. Strategic solutions are offered to Managing General Agencies, Program Administrators, and Insurtech companies. Access to the reinsurance market is provided alongside a focus on innovation and partnership. The company operates in the insurance sector, emphasizing value-added fronting services. Both admitted and nonadmitted business opportunities are supported through strong financial ratings.
- Headquarters Morristown, United States
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website spinnakerins.com
- Social LinkedIn
- Acquired by Hippo (Jun 2020)
- Legal Name Spinnaker Insurance Company
Products & Services of Spinnaker
Spinnaker offers a comprehensive portfolio of products and services, including Program Insurance and Reinsurance Access.
Program insurance solutions are provided for various sectors.
Access to reinsurance markets is facilitated for clients.
Investors in Spinnaker
Spinnaker has secured backing from 1 investor. Prominent investors backing the company include Hippo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Homeowners insurance coverage is delivered via an online platform. | 2015 | hippo.com | Palo Alto, United States |
Investor details for Spinnaker
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People of Spinnaker
12 people are tracked at Spinnaker (9 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
David Ingrey | CEO | Leadership |
Andrew Roth Cpcu | Director, Programs | Leadership |
Sarah Osiol | Director Of Operations | Leadership |
Kim Sanders, CPCU, ARe | Vp, Program Underwriting | Leadership |
Robert Cedrone | Chief Financial Officer | Leadership |
Charles Valinotti | Chief Program & Underwriting Officer | Leadership |
Torben Ostergaard | President & CEO | Leadership |
Jesse Willmott | CFO & COO | Leadership |
Erica Brimmer | Director, Program Business | Leadership |
Debbie Bell | Compliance Consultant | Team |
Nikesha Luther, CPCU, CLU, CSM, FLMI | Senior Operations Manager | Team |
Pete Maloney | General Counsel & Corporate Secretary | Team |
Complete people profiles for Spinnaker
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Timeline of Spinnaker
2 dated milestones of Spinnaker across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Spinnaker is founded.
- Exit Acquired by Hippo.
Competitors of Spinnaker
Spinnaker has 10 listed competitors in our database, 1 of them funded. They include National General Insurance, AmTrust Financial, The Hartford, Intact Ventures and The Hanover Insurance Group, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nationalgeneral.com | 1939 | New York, United States | $229.07M | – | Property and casualty insurance is provided by National General Insurance. | |
| amtrustfinancial.com | 1998 | New York, United States | – | 9,300 | Property and casualty insurance company | |
| thehartford.com | 1810 | Hartford, United States | – | 18,700 | Insurance, benefits, and mutual funds are provided in financial services. | |
| intactfc.com | 1809 | Toronto, Canada | – | 13,000 | Provider of property & casualty insurances | |
| hanover.com | 1852 | Worcester, United States | – | 4,800 | Insurance brokerage services are provided to various clients. | |
| plymouthrock.com | 1982 | Boston, United States | – | – | Auto & home insurance company | |
| travelers.com | 1853 | New York, United States | – | 27,839 | Property and casualty insurance is provided to individuals and businesses. | |
| ambac.com | 1971 | New York, United States | – | 145 | Diversified investment management services are provided to institutional clients. | |
| firstam.com | 1889 | Santa Ana, United States | – | 19,210 | Title insurance and settlement services are provided globally. | |
| selective.com | 1926 | Branchville, United States | – | 2,470 | Property & casualty insurance company |
Detailed competitors of Spinnaker
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Web traffic of Spinnaker
The website of Spinnaker (spinnakerins.com) receives about 4.2K visits a month.
- Monthly visits4.2K
▼ 21.4% vs previous month
Top companies in Insurance & Risk Management
10 companies that operate in the same segment as Spinnaker (Insurance & Risk Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Health insurance plans are offered for individuals and families. | 2006 | Chennai, Tamil Nadu, India | USD 783.29 M | USD 1.9 B | 15,820 | |
Life, health, and general insurance services are provided across India. | 2001 | Mumbai, Maharashtra, India | USD 306.52 M | USD 2.88 B | 16,700 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Life Insurance joint venture between SBI and BNP Paribas Cardiff | 2000 | Mumbai, Maharashtra, India | USD 264 M | USD 14.28 B | 26,360 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | – | – | |
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States | – | – | – | |
Cloud-based employee benefits administration solutions are delivered. | 1998 | West Des Moines, Iowa, United States | USD 65.16 M | – | – |
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Related news about Spinnaker
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Frequently Asked Questions about Spinnaker
Spinnaker was founded in 2014.
Spinnaker is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
David Ingrey is the current CEO of Spinnaker.
Spinnaker Insurance Company is involved in underwriting personal and commercial insurance lines. Strategic solutions are offered to Managing General Agencies, Program Administrators, and Insurtech companies. Access to the reinsurance market is provided alongside a focus on innovation and partnership. The company operates in the insurance sector, emphasizing value-added fronting services. Both admitted and nonadmitted business opportunities are supported through strong financial ratings.
Spinnaker's top competitors include National General Insurance, AmTrust Financial and First American.
Spinnaker offers Program Insurance and Reinsurance Access.
Spinnaker has 1 investor. Key investors include Hippo.
Spinnaker operates through Spinnaker Insurance Company.
Yes. Spinnaker was acquired by Hippo in June 2020.