“Lori brings a valuable perspective to our board as a leader of publicly renowned financial institutions in insurance and banking,” said Assaf Wand, Hippo’s co-founder & CEO. “We’ve built an incredible board, and Lori’s an ideal addition for the company’s next stage of growth thanks to her public leadership, wealth of industry experience, and passion for financial wellness and customer-first businesses.”
In her role on Hippo’s board of directors, Fouché will provide guidance to the leadership team as the company accelerates its growth and pursues a path to the public markets. Most recently, she served as Chief Executive Officer of a division of TIAA, running the company’s Financial Solutions business. She led the transformation of TIAA’s retail and institutional businesses, a complex mix of retirement, banking, insurance, and wealth management units with $11 billion in revenue and $1 trillion in assets under management.
Earlier in her career, Fouché served as President and Chief Executive Officer of Fireman’s Fund Insurance Company, a top 20 U.S. property and casualty insurance company, where she refocused the Personal, Commercial, and Specialty Insurance businesses, driving significant gains in profitability and improved customer experience. Fouché spent five years at Prudential Financial, most recently as Group Head of Individual Solutions with leadership over Individual Life Insurance, Prudential Annuities, and Prudential Advisors. Lori also held senior positions in strategy, marketing, and global product management for management and professional liability insurance products at Chubb & Son.
“Hippo brings a refreshing approach to the insurance industry with its powerful use of technology and heightened focus on the customer,” said Fouché. “It’s been inspiring to see Hippo grow into a partner for its customers, bringing them the tools and services that support the protection of something that is more than just a financial asset. I’m thrilled to join its world-class leadership team of industry veterans and innovators with a shared passion for putting the homeowner first.”
Fouché earned a bachelor’s degree in history from Princeton University and an M.B.A from Harvard University. She currently serves on the board of directors for The Kraft Heinz Company and has been honored as Black Enterprise’s Top 300 Most Powerful Black Executives, as well as Fortune’s Most Powerful Women.
In March 2021, Hippo announced a definitive business combination agreement with Reinvent Technology Partners Z (“Reinvent”) (NYSE:RTPZ), a special purpose acquisition company that takes a “Venture Capital at Scale” approach. Upon the closing of the transaction, the combined company will be publicly traded.
Via PR Web