June 03, 2020
Hippo, the high-growth company that’s transforming home insurance and ownership, has announced that it has entered into a definitive agreement, pending regulatory approval, to acquire Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states and rated A- (Excellent) by A.M. Best Company. As part of the acquisition, Spinnaker will join Hippo’s family of companies.
Latham & Watkins LLP represents Hippo in the transaction with a corporate team led by Bay Area partners Tad Freese and Mark Bekheit, with associates Kaitlyn Fulcher and Natalie Robertson. Advice was also provided on intellectual property matters by Bay Area partner Anthony Klein, with associate Cassandra Wang; on tax matters by Bay Area partner by Grace Lee, with Boston associate Jeremiah Cowen; on benefits and compensation matters by Bay Area partner Ashley Wagner, with associate Taimi Jacobson; and on privacy matters by Washington, D.C. partner Jennifer Archie, with associate James Smith.