Spinnaker Insurance Company Overview
- Year Founded
-
1956
- Status
-
Acquired/Merged
- Employees
-
23
- Latest Deal Type
-
Buyout/LBO
- (Rumor/Speculation)
- Financing Rounds
-
6
Spinnaker Insurance Company General Information
Description
Provider of property and casualty insurance services intended to provide security to policyholders in underserved insurance markets. The company's program administrators and managing general agents access niche markets around the country, focusing on catastrophe-exposed US homeowners program business, enabling homeowners, renters, and small commercial offices to achieve sustainable and secure insurance policies.
Contact Information
Website
www.spinnakerins.com(Operating Subsidiary)
Corporate Office
- 1 Pluckemin Way
- Suite 102
- Bedminster, NJ 07921
- United States
Corporate Office
- 1 Pluckemin Way
- Suite 102
- Bedminster, NJ 07921
- United States
Spinnaker Insurance Company Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Spinnaker Insurance Company Comparisons
Industry
Financing
Details
Spinnaker Insurance Company Competitors (11)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Chubb European Group Se, Norskregis | Corporation | Oslo, Norway | ||||
| Travelers Companies | Corporation | New York, NY | ||||
| CIA Financial Group | Private Equity-Backed | Shelby, MI | ||||
| Topa Insurance | Corporate Backed or Acquired | Calabasas, CA | ||||
| Angel Agency | Corporate Backed or Acquired | Charlotte, NC |
Spinnaker Insurance Company Executive Team (6)
| Name | Title | Board Seat |
|---|---|---|
| Torben Ostergaard | President & Chief Executive Officer | |
| Jesse Willmott | Chief Financial Officer and Chief Operating Officer | |
| Charles Valinotti | Chief Program and Underwriting Officer |
Spinnaker Insurance Company Board Members (2)
| Name | Representing | Role | Since |
|---|---|---|---|
| Hippo Insurance | Chairman |
Spinnaker Insurance Company Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Spinnaker Insurance Company Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Spinnaker Insurance Company FAQs
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When was Spinnaker Insurance Company founded?
Spinnaker Insurance Company was founded in 1956.
-
Who is the founder of Spinnaker Insurance Company?
Adam Tyburski and Kenneth Ingrey are the founders of Spinnaker Insurance Company.
-
Who is the CEO of Spinnaker Insurance Company?
Torben Ostergaard is the CEO of Spinnaker Insurance Company.
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Where is Spinnaker Insurance Company headquartered?
Spinnaker Insurance Company is headquartered in Bedminster, NJ.
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What is the size of Spinnaker Insurance Company?
Spinnaker Insurance Company has 23 total employees.
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What industry is Spinnaker Insurance Company in?
Spinnaker Insurance Company’s primary industry is Property and Casualty Insurance.
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Is Spinnaker Insurance Company a private or public company?
Spinnaker Insurance Company is a Private company.
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What is Spinnaker Insurance Company’s current revenue?
The current revenue for Spinnaker Insurance Company is .
-
How much funding has Spinnaker Insurance Company raised over time?
Spinnaker Insurance Company has raised $18M.
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Who are Spinnaker Insurance Company’s investors?
Arch Capital Group, Otter Capital, Sirius International Insurance Group, Sojourner Holding Company LLC, and White Mountains Insurance Group have invested in Spinnaker Insurance Company.
-
Who are Spinnaker Insurance Company’s competitors?
Chubb European Group Se, Norskregis, Travelers Companies, CIA Financial Group, Topa Insurance, and Angel Agency are some of the 11 competitors of Spinnaker Insurance Company.
-
When was Spinnaker Insurance Company acquired?
Spinnaker Insurance Company was acquired on 18-Oct-2023.
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Who acquired Spinnaker Insurance Company?
Spinnaker Insurance Company was acquired by Hippo Insurance.
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