Hippo Holdings, a technology-driven insurance group, has expanded its partnership with specialty insurance platform Accelerant in a deal expected to bring more than $500m in annual gross written premiums (GWP) by 2027, contributing to the company achieving it’s $2bn GWP target a year earlier than planned.
The enhanced agreement will see Hippo act as a fronting carrier for more than $500m in annual GWP across Accelerant’s US portfolio from October 2026, following an initial implementation beginning on 1 July. The companies first partnered in 2025, with the expanded arrangement deepening Hippo’s role within Accelerant’s Risk Exchange ecosystem.
Through the partnership, Hippo will gain access to Accelerant’s specialty insurance portfolio, alongside its data-driven risk selection capabilities, analytics, distribution network and reinsurance connections through Accelerant’s Risk Capital Partners.
The companies said the agreement is designed to support disciplined portfolio growth while expanding underwriting opportunities in the specialty insurance market.
Hippo provides technology-enabled insurance solutions across personal and commercial lines through its carrier platform. The company uses data and underwriting technology to diversify risk while offering homeowners’ insurance and specialty insurance products through its insurance subsidiaries.
The expanded partnership has prompted Hippo to revise its long-term financial outlook. The company now expects to exceed $2.5bn in GWP by 2028, up from its previous guidance of more than $2bn. It also increased its adjusted net income guidance to more than $140m, compared with its previous forecast of more than $125m.
The agreement builds on Hippo’s strategy of expanding through disciplined underwriting and portfolio optimisation while strengthening relationships across 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 also 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.”
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