- A world entrepreneur with a long time of expertise rising insurance coverage businesses worldwide, together with pet insurance coverage manufacturers in Australia and South Africa
- Enthoven related to Tarmac DLTFM LTD., holder of 8.6% of Trupanion excellent shares
SEATTLE, Nov. 07, 2023 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP) has appointed Richard Enthoven, Director at PetPositive Australia and Hollard Holdings Australia, as an impartial director to the Company’s Board of Directors, efficient at present.
Tarmac DLTFM LTD. (“Tarmac”), an Enthoven household funding entity, bought shares of Trupanion within the open market between July and October of 2023, amounting to roughly 8.6% of Trupanion’s excellent shares.
“We are thrilled to have Richard join our Board of Directors,” said Darryl Rawlings, Founder, CEO, and Chair of the Board. “Our years-long partnership with Richard through the joint venture with PetSure in Australia, together with the Enthoven family investment entity having acquired a recent 8.6% investment in Trupanion, speaks to both our alignment and belief in the future investment potential of pet medical insurance. These facts, combined with his experience in the global insurance industry and commitment to expanding Trupanion’s global leadership position, makes him an invaluable addition to our Board.”
Mr. Enthoven at present serves on the Board of Directors of PetPositive in Australia, the place he beforehand served as Chair till December 2022. He can be concerned with the Hollard Insurance Group in Australia, main it as CEO till 2021 and at present serving as a Non-Executive Director. He can be the Chairman of Greenstone, Australia’s main direct life insurance coverage operation. His tutorial achievements embrace a Master of Science from the London School of Economics and a Bachelor of Arts from the University of Southern California.
“I’m excited to hitch Trupanion’s Board as a result of I consider within the important potential of this business,” stated Richard Enthoven, Trupanion board member. “I believe that pet insurance as a category, will be a rewarding long-term investment, and Trupanion is particularly well positioned. Underscoring my conviction is a meaningful ownership position our family investment entity has recently taken in Trupanion. I look forward to contributing to our shared vision of elevating Trupanion into a global leader in pet medical insurance.”
Since January of 2023, Trupanion has added 4 impartial administrators to its Board.
“On behalf of the board, I am pleased to welcome Richard to Trupanion,” stated Murray Low, PhD, Lead Independent Director. “His unique entrepreneurial mindset and exceptional track record growing PetSure in Australia, among other companies globally, will be invaluable to us.”
About TrupanionTrupanion is a pacesetter in medical insurance coverage for cats and dogs all through the United States, Canada, Europe, Puerto Rico and Australia with over 960,000 pets enrolled. For over 20 years, Trupanion has given pet house owners peace of thoughts to allow them to deal with their pet’s restoration, not monetary stress. Trupanion is dedicated to offering pet house owners with the very best worth in pet medical insurance coverage with limitless payouts for the lifetime of their pets. With its patented course of, Trupanion is the one North American supplier with the expertise to pay veterinarians immediately in seconds on the time of checkout. Trupanion is listed on NASDAQ underneath the image “TRUP”. The firm was based in 2000 and is headquartered in Seattle, WA. Trupanion insurance policies are issued, within the United States, by its wholly-owned insurance coverage entity American Pet Insurance Company and, in Canada, by Omega General Insurance Company. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. For extra data, please go to trupanion.com.
Forward-Looking StatementsThis press launch comprises forward-looking statements inside the which means of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 referring to, amongst different issues, management succession plans, plans to declassify the Board, and expectations, plans, prospects and monetary outcomes for Trupanion, together with, however not restricted to, its expectations relating to its capability to proceed to develop its enrollments and income, and in any other case execute its business plan. These forward-looking statements are based mostly upon the present expectations and beliefs of Trupanion’s administration as of the date of this press launch, and are topic to sure dangers and uncertainties that might trigger precise outcomes to vary materially from these described within the forward-looking statements. All forward-looking statements made on this press launch are based mostly on data available to Trupanion as of the date hereof, and Trupanion has no obligation to update these forward-looking statements.
In specific, the next elements, amongst others, might trigger outcomes to vary materially from these expressed or implied by such forward-looking statements: the power to attain or preserve profitability and/or acceptable ranges of money stream in future durations; the power to continue to grow our membership base and income; the accuracy of assumptions utilized in figuring out acceptable member acquisition expenditures; the severity and frequency of claims; the power to keep up excessive retention charges; the accuracy of assumptions utilized in pricing medical plan subscriptions and the power to precisely estimate the affect of latest merchandise or choices on claims frequency; precise claims expense exceeding estimates; regulatory and different constraints on the power to institute, or the choice to in any other case delay, pricing modifications in response to adjustments in precise or estimated claims expense; the effectiveness and statutory or regulatory compliance of our Territory Partner mannequin and of our Territory Partners, veterinarians and different third events in recommending medical plan subscriptions to potential members; the power to retain current Territory Partners and enhance the variety of Territory Partners and energetic hospitals; compliance by us and people referring us members with legal guidelines and laws that apply to our business, together with the sale of a pet medical plan; the power to keep up the safety of our knowledge; fluctuations within the Canadian foreign money alternate charge; the power to guard our proprietary and member data; the power to keep up our tradition and crew; the power to keep up the requisite quantity of risk-based capital; our capability to implement and preserve efficient controls, together with over monetary reporting; the power to guard and implement Trupanion’s mental property rights; the power to efficiently implement our alliance with Aflac; the power to proceed key contractual relationships with third events; third-party claims together with litigation and regulatory actions; the power to acknowledge advantages from investments in new options and enhancements to Trupanion’s expertise platform and web site; and our capability to retain key personnel.
For an in depth dialogue of those and different cautionary statements, please discuss with the danger elements mentioned in filings with the Securities and Exchange Commission (SEC), together with however not restricted to, Trupanion’s Annual Report on Form 10-Ok for the yr ended December 31, 2022 and any subsequently filed reviews on Forms 10-Q, 10-Ok and 8-Ok. All paperwork are available via the SEC’s Electronic Data Gathering Analysis and Retrieval system at https://www.sec.gov/or the Investor Relations part of Trupanion’s web site at https://buyers.trupanion.com/.
Contacts:Laura Bainbridge, Senior Vice President, Corporate Communications[email protected]
Source: Trupanion, Inc.
