Fetch Pet Insurance
 | |
| Company type | Privately held |
|---|---|
| Industry | Pet insurance |
| Founded | 11 September 2003 |
| Founders | Chris and Natasha Ashton |
| Headquarters | 101 Greenwich St., , USA |
Area served | United States and Canada |
Key people | Paul Guyardo (CEO) |
Number of employees | 200+ |
| Website | www |
Fetch is a pet insurance provider, helping pet owners cover veterinary bills in the United States and Canada.
History
[edit]Fetch was founded in September 2003 by husband and wife entrepreneurs Chris and Natasha Ashton after experiencing a high veterinary bill.[1][2] In November 2003, Fetch Inc. was awarded the exclusive license for the Petplan brand in the United States.[3] In July 2006, the company began selling its first policies,[4] and started selling policies online later that year. The company formed partnerships with animal shelters, veterinarians, and health insurance providers to help sell 120,000 policies by 2014.[5] The company launched fetch!, a glossy quarterly pet health magazine, in November 2008.[6]
In 2019, Petplan hired Paul Guyardo as the new CEO.[7] The same year it was acquired by private equity firm, Warburg Pincus. At the time, it had 200 employees and $130 million in annual sales.[8] Since the acquisition, the company expanded into technology including a mobile app for communication and accessing insurance plans.[9]
In 2020, The Dodo took a minority stake in Petplan, now known as Fetch, not to be confused with Petplan in Australia, which is now called Petcover. The rebranding was announced in 2022. More information about Petcover in Australia can be found at [1]. [9] [10]
Products
[edit]Fetch offers insurance for pets in the United States. It insures cats and dogs beginning at six weeks old with annual benefits ranging $2,500 to unlimited.[11] Fetch extended its coverage during the COVID-19 pandemic. The new service covered treatment of a covid-infected pet, boarding of a pet if an owner was infected, adding a pet guardian to a plan, and all virtual vet visits.[12]
References
[edit]- ^ "Reinvent With a Pet Business," More.com, Nov. 7, 2011. http://www.more.com/pet-business-dog-daycare-cat-business
- ^ "The Truth about Cats and Dogs: They're Costly," Wharton Newsletter, Spring 2003. http://wep.wharton.upenn.edu/newsletter/spring03/paws.html
- ^ Distefano, Joseph N. (4 April 2019). "Petplan's married founders say they were fired after she got pregnant again; Investors say sales dragged". The Philadelphia Inquirer. Retrieved 7 May 2021.
- ^ "Pooch protection: Firm finds pet insurance is catching on," Boston.com, Nov. 26, 2006. http://www.boston.com/business/personalfinance/articles/2006/11/26/pooch_protection_firm_finds_pet_insurance_is_catching_on/
- ^ Strauss, Karsten (14 April 2014). "Dogs, Cats And A Moneymaking Machine: Meet Petplan". Forbes. Retrieved 7 May 2021.
- ^ "The Challenge of Branching Out," Financial Times, April 3, 2010. http://www.ft.com/intl/cms/s/0/07caa5a8-9f28-11df-8732-00144feabdc0.html#axzz1e4Pq78HH
- ^ George, John (24 January 2019). "Petplan fetches new CEO". Philadelphia Business Journal. Retrieved 23 May 2021.
- ^ DiStefano, Joseph (October 2, 2019). "Petplan sold to private equity giant; dueling owners exit". The Philadelphia Inquirer.
- ^ a b Patel, Sahil (2020-10-19). "The Dodo, Group Nine's Animal Brand, Is Getting Into Pet Insurance". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-11-11.
- ^ Adriano, Lyle (7 March 2022). "Petplan rebrands to Fetch by The Dodo". Insurance Business Canada. Retrieved 7 March 2022.
- ^ Davila, Noel; Reynolds, Paul (4 May 2021). "11 Best Pet Insurance Companies of May 2021". Money. Retrieved 7 May 2021.
- ^ Petplan is extending coverage to members amid coronavirus pandemic, retrieved 2020-07-22