Spinnaker Names Charles Valinotti Chief Program and Underwriting Officer

Rhea-AI Summary

Hippo Holdings Inc. (NYSE: HIPO) has appointed Charles Valinotti as the Chief Program and Underwriting Officer of its subsidiary, Spinnaker Insurance Company. Valinotti, with 30 years of insurance experience, previously worked at QBE Americas as Head of Operations. His role at Spinnaker will involve overseeing program underwriters and managing diverse third-party programs. Valinotti expressed enthusiasm about collaborating with innovative program administrators across various insurance lines to provide strategic solutions. This leadership change is expected to enhance Spinnaker’s portfolio management and partner relations.

Positive

• Appointment of Charles Valinotti as Chief Program and Underwriting Officer strengthens leadership at Spinnaker Insurance.
• Valinotti brings 30 years of experience, enhancing underwriting and program management capabilities.

Negative

• None.

Former COVU and QBE Americas executive brings extensive industry experience and broad underwriting expertise across personal and commercial lines

PALO ALTO, Calif.--(BUSINESS WIRE)-- Spinnaker Insurance Company, a wholly owned subsidiary of Hippo Holdings Inc. (NYSE: HIPO), today named Charles Valinotti as Spinnaker’s Chief Program and Underwriting Officer. Valinotti joins Spinnaker to lead the company’s team of program underwriters, who are responsible for managing the carrier’s diverse portfolio of third-party programs.

Valinotti brings 30 years of experience, working across a variety of insurance products and roles that helped form a deep understanding of underwriting and program management. Valinotti spent 13 years at QBE Americas, serving as Head of Operations, where he oversaw the development of underwriting guidelines, policies, and procedures to select, price, and control risk. Prior to QBE, he held various leadership roles in underwriting and product management at AIG, General Casualty and Geico.

“We are excited to tap into Charles’ incredible wealth of underwriting knowledge and program management experience,” said Spinnaker CEO Torben Ostergaard. “He’ll play an instrumental role in leading our company, as well as serving as Spinnaker’s primary interface with our program partners, Claims TPAs, reinsurers and brokers.”

“Spinnaker works with many of the most innovative program administrators and MGAs in the industry,” said Valinotti. “I am excited at the opportunity to work across personal, commercial and specialty lines and offer strategic insurance solutions to customers in such wide variety of industries.”

Visit spinnakerins.com to learn more about Spinnaker.

About Hippo

Hippo is protecting the joy of homeownership, helping to safeguard customers’ most important financial asset by harnessing the power of real-time data, smart home technology, and a growing suite of home services to deliver proactive home protection.

Hippo Holdings Inc. operating subsidiaries include Hippo Insurance Services, Hippo Home Care, First Connect Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Mainsail Insurance Company. Hippo Builder Insurance Agency is a licensed property casualty insurance agent with products underwritten by various affiliated and unaffiliated insurance companies. For more information, including licensing details, visit hippo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230404005410/en/

Mark Olson

press@hippo.com

Source: Hippo

FAQ

Who is the new Chief Program and Underwriting Officer of Hippo Holdings' Spinnaker Insurance Company?

Charles Valinotti has been appointed as the Chief Program and Underwriting Officer of Spinnaker Insurance Company.

What experience does Charles Valinotti bring to Spinnaker Insurance?

Charles Valinotti brings 30 years of experience in the insurance industry, including leadership roles at QBE Americas and AIG.

What are the responsibilities of the new Chief Program and Underwriting Officer at Spinnaker?

Charles Valinotti will lead the program underwriters at Spinnaker and manage the diverse portfolio of third-party programs.

How will Charles Valinotti's appointment affect Hippo Holdings' stock (HIPO)?

The appointment may enhance operational efficiency and program management at Spinnaker, potentially positively impacting HIPO's stock performance.