Laura Hay
About Laura Hay
Independent director appointed to Hippo’s Board effective October 1, 2025 as a Class I director, with initial term expiring at the 2028 annual meeting . Former Global Head of Insurance at KPMG International, leading >10,000 professionals across 90 countries and advising boards on growth, innovation, and risk management; currently serves on the boards of MetLife and Everest Group, and the Girl Scouts of Greater New York . No age or education disclosed in Hippo filings; Form 3 indicates no securities beneficially owned at appointment . Hippo’s Q3 2025 investor materials highlighted her addition as part of governance and talent expansion .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| KPMG International | Global Head of Insurance | Not disclosed | Built fastest-growing financial services sector; led >10,000 professionals across 90 countries; board advisory on growth, innovation, risk |
External Roles
| Organization | Role | Geography/Focus | Notes |
|---|---|---|---|
| MetLife | Director | Global insurance | Current public company directorship |
| Everest Group | Director | Global insurance/reinsurance | Current public company directorship |
| Girl Scouts of Greater New York | Director | Non-profit | Board service; D&I advocacy noted |
Board Governance
- Board class: Class I director; initial term to 2028 annual meeting .
- Committee assignments: Audit, Risk, and Compliance Committee; Nominating & Corporate Governance Committee .
- Independence/related parties: Filing states no arrangements or family relationships; no transactions requiring disclosure under Item 404(a) at appointment. Audit committee membership generally requires independence under Rule 10A‑3, and the company historically affirms audit committee independence in proxy filings, but the 8‑K does not explicitly state independence for Ms. Hay .
- Executive sessions: Hippo holds executive sessions of non-management and independent directors at least once per year; general governance practice (not specific to Ms. Hay) .
- Stock ownership guidelines: Non-employee directors must own stock equal to ≥5x annual board retainer within five years; covered individuals are either in compliance or within the period to meet requirements .
Fixed Compensation
| Component | Amount (USD) | Notes |
|---|---|---|
| Annual Board Cash Retainer | $60,000 | Non-employee director retainer |
| Audit Committee Member Retainer | $10,000 | Annual cash for Audit Committee membership |
| Nominating & Corporate Governance Committee Member Retainer | $4,000 | Annual cash for Nom/Gov membership |
Hippo’s proxy also describes standard director fees (Board: $60k; Audit member: $10k; Compensation member: $6k; Nom/Gov member: $4k; Chair add-ons vary). Ms. Hay’s 8-K reflects the Board, Audit, and Nom/Gov member rates applicable to her .
Performance Compensation
| Award Type | Grant Value | Grant Timing | Vesting | Change-in-Control |
|---|---|---|---|---|
| Initial RSU | $130,000 (prorated Oct 1, 2025 to Jun 3, 2026) | Effective Oct 1, 2025 | Vests in full on Jun 3, 2026, subject to continued Board service | |
| Annual RSU (next cycle) | $130,000 | After next annual meeting | Vests on earlier of 1-year from grant or immediately prior to following annual meeting, subject to service | |
| All director equity awards | — | — | — | Accelerate in full upon change in control per 2021 Plan |
No performance metrics are tied to director awards; vesting is service/time-based under the Non‑Employee Director Compensation Program .
Other Directorships & Interlocks
| Company | Relationship to Hippo | Potential Interlock/Conflict |
|---|---|---|
| MetLife | Industry peer | No Hippo-related party transactions disclosed for Ms. Hay at appointment; general industry overlap only |
| Everest Group | Industry peer | No Hippo-related party transactions disclosed; general industry overlap only |
Hippo discloses no direct or indirect material interest transactions for Ms. Hay under Item 404(a) at appointment .
Expertise & Qualifications
- Insurance leadership: Global head role at KPMG; board advisory on strategy, innovation, risk .
- Governance/risk: Audit and Nom/Gov committee roles at Hippo; prior leadership in risk management initiatives .
- Inclusion leadership: Launched “Mind the Gap” and delivered “Confidence and Risk-Taking” workshops to >20,000 participants globally .
Equity Ownership
| Date | Title of Security | Beneficially Owned | Ownership Form | Notes |
|---|---|---|---|---|
| Oct 1, 2025 (Form 3) | Common stock | 0 | — | “No securities are beneficially owned” at appointment |
- Stock ownership guideline: ≥5x annual director retainer within five years; Ms. Hay begins her compliance period at appointment .
Governance Assessment
- Positive signals:
- Board strengthened with seasoned insurance and risk leader; committees align with her domain expertise (Audit; Nom/Gov) .
- No Item 404(a) related-party transactions or family relationships disclosed at appointment; standard indemnification agreement to be executed .
- Anti-hedging and clawback policies in place; director stock ownership guidelines enhance alignment over time .
- Watch items:
- Initial Form 3 shows no ownership at appointment; alignment will depend on RSU accumulation and guideline progress over the five‑year window .
- Multiple external board roles (MetLife, Everest Group) create industry overlap; monitor any future related‑party transactions or conflicts disclosures in proxies/8‑Ks .
Insider Trades
| Form | Filed Date | Reporting Person | Relationship | Summary |
|---|---|---|---|---|
| Form 3 | Oct 3, 2025 | Laura J. Hay | Director | Initial statement; no securities beneficially owned |
Hippo’s filings state Ms. Hay will receive cash and RSU compensation per the Non‑Employee Director Compensation Program and standard indemnification; future equity holds will appear in Section 16 reports and proxy ownership tables .