IAP Acted as Exclusive Financial Advisor to Greenlight Re on its Strategic Partnership with Hippo

On October 28, 2026, Greenlight Capital Re, Ltd. (NASDAQ: GLRE) and Hippo Holdings Inc. (NYSE: HIPO) announced a strategic partnership connecting opportunities to invest in emerging managing general agents (MGAs) with carrier and reinsurance support. Through Greenlight Re Innovations, Hippo will have opportunities to invest alongside Greenlight Re in early-stage insurance investment opportunities, while Hippo’s subsidiary, Spinnaker Insurance Company, will serve as the preferred U.S. admitted fronting carrier for qualifying co-invested programs. Greenlight Re will bring reinsurance capacity and expertise to support the insurance risk.

Greenlight Re provides multiline property and casualty insurance and reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland and its Lloyd’s platform, Greenlight Innovation Syndicate 3456. Its Innovations unit supports technology innovators in the (re)insurance space by providing investment capital, risk capacity and access to a broad insurance network.

Hippo is a technology-native insurance group that uses its carrier platform to diversify risk across personal and commercial lines. Its subsidiaries include Hippo Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company and Wingsail Insurance Company.
Insurance Advisory Partners is proud to have acted as exclusive financial advisor to Greenlight Re in connection with this strategic partnership.

This partnership further underscores IAP’s experience advising clients across the insurance, reinsurance, MGA and Insurtech sectors.

The IAP team is committed to providing experienced, objective and insightful advice to help our clients achieve their goals and maximize their success.

For more information regarding this partnership, please see the case study attached and the following press release here.