TRUP - Trupanion Appoints Richard Enthoven Global Entrepreneur and Founder of Hollard Insurance Company Australia as Independent Board Director | Benzinga
- A global entrepreneur with decades of experience growing insurance businesses worldwide, including pet insurance brands in Australia and South Africa
- Enthoven associated with Tarmac DLTFM LTD., holder of 8.6% of Trupanion outstanding shares
SEATTLE, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP) has appointed Richard Enthoven, Director at PetSure Australia and Hollard Holdings Australia, as an independent director to the Company's Board of Directors, effective today.
Tarmac DLTFM LTD. ("Tarmac"), an Enthoven family investment entity, purchased shares of Trupanion in the open market between July and October of 2023, amounting to approximately 8.6% of Trupanion's outstanding 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 currently serves on the Board of Directors of PetSure in Australia, where he previously served as Chair until December 2022. He is also involved with the Hollard Insurance Group in Australia, leading it as CEO until 2021 and currently serving as a Non-Executive Director. He is also the Chairman of Greenstone, Australia's leading direct life insurance operation. His academic achievements include a Master of Science from the London School of Economics and a Bachelor of Arts from the University of Southern California.
"I am excited to join Trupanion's Board because I believe in the significant potential of this business," said 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 ...