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Hippo names McCathron CEO, Wand to serve as Executive Chairman

7th June 2022 - Author: Jack Willard

Home insurer, Hippo has announced that it has appointed Richard McCathron as Chief Executive Officer (CEO).

Since February 2017, McCathron has served on Hippo’s board of directors and as the company’s President.

At the same time, Hippo has announced that Founder and prior CEO, Assaf Wand, has become Executive Chairman of the board to focus on long-term strategic initiatives.

Prior to joining Hippo’s executive team and board, McCathron held  several senior executive positions at multiple insurance companies including First Connect Insurance, where he served as its President & CEO from 2012 to 2017.

Before that, he served as President and CEO at Superior Access Insurance from 2007 to 2010, as well as Regional Vice President at Mercury Insurance Group from 2004 to 2007.

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During his time as President of Hippo, McCathron was responsible for all day-to-day operations of the company, enabling him to develop a deep understanding of Hippo’s customers, partners, and technology capabilities.

“Rick has been my partner every step of the way, from the creation of Hippo’s strategic vision, to growing our strong stable of partnerships, to driving the company forward every day,” said Wand.

“In this next phase of Hippo’s growth, it’s a natural progression for Rick to step into the CEO role so I can focus on longer term strategic initiatives. Rick’s extensive insurance expertise, combined with his proven ability to drive growth, set him up perfectly to lead Hippo into the future.”

McCathron, addressing his new role, said: “I want to thank the Board for their confidence in my leadership and Assaf for his ongoing support. I am honored and energized to work with our talented teams and partners to make Hippo’s proactive approach to home protection a transformational force in the insurance industry.”

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