Insurance

New CEO takes reins at Spinnaker

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Spinnaker Insurance, a national property and casualty insurer owned by Hippo Enterprises, has announced the appointment of Torben Ostergaard as president and CEO. Dave Ingrey, who previously served as CEO, will transition to chief operating officer.

Ostergaard has more than 25 years of experience as a risk officer working across the financial services industry. Prior to joining Spinnaker, he spent more than a decade in C-suite roles at USAA, including serving as executive vice president, chief risk officer, and a member of the executive council. He has also served as chief credit officer at HSBC Financial in Canada. Ostergaard currently sits on Opendoor’s risk advisory board.

“I’ve been blown away by the combination of innovation and technology that Hippo has deployed alongside Spinnaker and am thrilled to be joining Spinnaker as its CEO,” Ostergaard said. “I look forward to building on the great work of the team that’s established Spinnaker as a premier fronting company to bring its world-class fronting services and technology to the next level for the benefit of our existing partners and as we expand into new categories of business.”

Read next: Hippo Insurance swoops in for carrier Spinnaker Insurance

“Torben’s risk management and financial expertise, public company experience at USAA and Fortune 100 executive leadership makes him exceptionally qualified to lead Spinnaker to its next chapter of growth,” said Richard McCathron, president of Hippo Enterprises and chairman of Spinnaker. “We are incredibly grateful to Dave for bringing the Spinnaker business to this stage, and having him remain in a critical leadership role will provide continuity and accelerate business growth, innovation and expansion into new channels.”

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