Hippo Holdings, a technology-driven insurance group, has expanded its partnership with specialty insurance platform Accelerant in a deal expected to generate more than $500m in annual gross written premiums (GWP) by 2027, putting the company on track to reach its $2bn GWP target a year ahead of schedule.
The enhanced agreement will see Hippo act as a fronting carrier for more than $500m in annual GWP across Accelerant’s US portfolio, with an initial rollout beginning on 1 July before the full programme launches in October. The companies first partnered in 2025, with the latest agreement significantly expanding Hippo’s role within Accelerant’s Risk Exchange ecosystem.
The partnership gives Hippo access to Accelerant’s specialty insurance portfolio, alongside its data-driven underwriting capabilities, risk analytics, distribution network and reinsurance connectivity through Accelerant’s Risk Capital Partners. The companies said the agreement is intended to support disciplined portfolio growth while broadening underwriting opportunities across the specialty insurance market.
Hippo provides technology-enabled insurance products across personal and commercial lines through its carrier platform, using data and advanced underwriting technology to diversify risk and deliver homeowners’ and specialty insurance products.
The expanded relationship has also prompted Hippo to raise its long-term financial guidance. The company now expects to surpass $2.5bn in GWP by 2028, compared with previous guidance of more than $2bn, while increasing its adjusted net income forecast to more than $140m from $125m.
The partnership reflects Hippo’s strategy of expanding through disciplined underwriting and technology-led risk selection while strengthening its presence in the specialty insurance market.
Hippo president and CEO Rick McCathron said, “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 added, “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.”
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