Hippo closes $100M catastrophe bond including wildfire coverage
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Hippo Closes $100M Mountain Re Cat Bond, Expanding Multi-Peril Coverage to Include Wildfire
May 19, 2026 9:01 AM EDTSAN JOSE, Calif., May 19, 2026 /PRNewswire/ --Â Hippo Holdings Inc. (NYSE: HIPO) today announced the closing of Mountain Re Ltd. (Series 2026-1), a $100 million catastrophe bond sponsored by Spinnaker Insurance Company, a wholly owned subsidiary of Hippo, providing multi-year collateralized reinsurance protection against a broad range of U.S. perils. The offering was oversubscribed at rates below the initial range, reflecting strong capital markets demand and... More
