Hippo Holdings Expands Collaboration with Accelerant for Insurance Growth
Hippo Holdings, a technology-centric insurance firm, has broadened its collaboration with the specialty insurance platform Accelerant. This strategic agreement aims to generate an excess of $500 million in annual gross written premiums (GWP) by 2027. The move positions the company to achieve its $2 billion GWP target a year earlier than planned.
Under the expanded agreement, Hippo will serve as a fronting carrier for over $500 million in annual GWP within Accelerant’s U.S. operations, commencing with an initial rollout on July 1 and a full program launch in October. This initiative builds on a previous partnership formed in 2025, marking a significant enhancement of Hippo’s role within Accelerant’s Risk Exchange framework.
The partnership allows Hippo to leverage Accelerant’s capabilities in specialty insurance, integrating data-driven underwriting, risk analytics, an extensive distribution network, and reinsurance links through Accelerant’s Risk Capital Partners. This initiative is aimed at fostering strategic portfolio expansion and diversifying underwriting avenues within the specialty insurance sector.
Hippo's offerings include technology-driven insurance solutions across personal and commercial segments. The company utilizes data and advanced underwriting techniques to manage risk effectively, providing a variety of homeowners and specialty insurance products.
Following this expanded collaboration, Hippo has updated its long-term financial projections, now aiming to exceed $2.5 billion in GWP by 2028, up from the previous forecast of more than $2 billion. Additionally, its adjusted net income expectations have increased from $125 million to over $140 million.
This partnership aligns with Hippo’s strategic vision of growth through meticulous underwriting and technology-enhanced risk management, reinforcing its footprint in the specialty insurance domain. Hippo President and CEO Rick McCathron stated, “We are built to move decisively when the right opportunity presents itself, and this is one of those moments. Accelerant operates a data and technology platform that makes specialty insurance work better for the entire insurance value chain, and that same philosophy drives how we are growing Hippo. With this agreement in place, we expect to achieve our $2 billion gross written premium target in 2027, a full year ahead of plan.”
Accelerant Chairman and CEO Jeff Radke commented, “The partnership with Hippo strengthens the Accelerant Risk Exchange for our Members and the insureds. What began as a strong working relationship has grown into an exciting partnership and provides the best MGAs continued runway for profitable growth.”