About Spinnaker
Spinnaker is a company based in Morristown (United States) founded in 2014 was acquired by Hippo in June 2020. It operates as a Brokerage / Intermediation, and Professional Services. Spinnaker offers products and services including Program Insurance and Reinsurance Access. Spinnaker operates in a competitive market with competitors including National General Insurance, AmTrust Financial, The Hartford, Intact Ventures and The Hanover Insurance Group, among others.
- Headquarter Morristown, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Spinnaker Insurance Company
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Products & Services of Spinnaker
Spinnaker offers a comprehensive portfolio of products and services, including Program Insurance and Reinsurance Access. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Program insurance solutions are provided for various sectors.
Access to reinsurance markets is facilitated for clients.
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Funding Insights of Spinnaker
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Spinnaker
Spinnaker has secured backing from 1 investor. Prominent investors backing the company include Hippo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Homeowners insurance coverage is delivered via an online platform.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Spinnaker
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spinnaker
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Spinnaker Comparisons
Competitors of Spinnaker
Spinnaker operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as National General Insurance, AmTrust Financial, The Hartford, Intact Ventures and The Hanover Insurance Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Property and casualty insurance is provided by National General Insurance.
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Property and casualty insurance company
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Insurance, benefits, and mutual funds are provided in financial services.
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Provider of property & casualty insurances
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Insurance brokerage services are provided to various clients.
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Auto & home insurance company
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spinnaker
Frequently Asked Questions about Spinnaker
When was Spinnaker founded?
Spinnaker was founded in 2014.
Where is Spinnaker located?
Spinnaker is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
Who is the current CEO of Spinnaker?
David Ingrey is the current CEO of Spinnaker.
What does Spinnaker do?
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.
Who are the top competitors of Spinnaker?
Spinnaker's top competitors include National General Insurance, AmTrust Financial and First American.
What products or services does Spinnaker offer?
Spinnaker offers Program Insurance and Reinsurance Access.
Who are Spinnaker's investors?
Spinnaker has 1 investor. Key investors include Hippo.
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