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Baldwin Group's Westwood To Purchase Hippo's Existing Homebuilder Distribution Network For $100M

Author: Benzinga Newsdesk | June 12, 2025 06:14am

Strategic Partnership with The Baldwin Group

On June 11, 2025, Hippo entered into an agreement with The Baldwin Group to form a strategic partnership. Under the terms of the agreement:

Hippo will distribute its new construction homeowners product through Baldwin's subsidiary, Westwood Insurance Agency's industry-leading homebuilder network. This will allow Hippo to accelerate the growth of its New Homes business by accessing three times as many new construction homebuyers.
Baldwin will purchase Hippo's existing homebuilder distribution network for $100 million.
Hippo's hybrid fronting platform, Spinnaker, will build upon its decade-long support of Baldwin's MSI Renters and MSI Homeowners programs by providing capacity to a broader range of Baldwin's MGA programs.

Posted In: BWIN HIPO