Federated Insurance buys HDVI
Trucking insurance company HDVI has been acquired by Federated Mutual Insurance Company, “a national leader” in the commercial property and liability insurance market, as of August 1, 2026. Federated Insurance has over 3,000 employees and is licensed in 49 states and DC.
Founded in 2018, HDVI has publicly disclosed $88 million in funding. The company will retain its own separate operations as a largely autonomous subsidiary company of Federated Insurance. Current HDVI employees will remain on staff, and the company will continue relationships with established agency partners.
HDVI writes business through Spinnaker , Hippo’s fronting carrier, with MGA premium written on HDVI’s behalf growing from $41.9 million in 2023 to $72.2 million in 2025—an annualized growth rate of approximately 31%.
“Our success and progress attracted the attention of major organizations across the nation, and we are very pleased to have found a home with the established, value-driven, and well-capitalized Federated Insurance. Over eight years, the HDVI team has built a startup into a significant insurance carrier across 26 states. Today, we work with more than 100 agencies and 500 producers to insure hundreds of fleets and thousands of drivers each year. As part of Federated Insurance, we’ll be in a better position to bring our advanced telematics data-driven insurance to even more customers to help them operate more safely and efficiently.” – HDVI President and CEO Adam Barnett.
“It has been a great honor to work with HDVI’s team, investors, customers and partners to build the company into a leader in commercial auto innovation, and I thank each of them for their support and partnership. I’m thrilled that HDVI will continue its growth and innovation as a member of the Federated family.” – HDVI founder and board chair, Chuck Wallace.
“This acquisition is a strategic investment for future growth. It further diversifies our operations and strengthens both Federated Insurance and HDVI for years to come. But what made this opportunity truly compelling was the alignment between our two organizations. We share similar values, a commitment to serving clients, and a desire to help prevent vehicle crashes and other workplace injuries. HDVI has built something unique and special, and we are looking forward to helping support and accelerate the innovative work they are doing in the commercial trucking space.” – Federated Insurance Chairman, President and CEO Nicholas Lower.
