Insurance by members, for members

Housing Partnership Insurance Exchange (HPIEx) is a transparent, data-driven reinsurance captive exclusively for members of Housing Partnership Network. Created by and overseen by members. Coverage includes property & general liability, workers compensation, and now health!

The strength of HPIEx provides stability for affordable housing organizations which provides confidence they have a reliable insurance program working for their best interest. HPIEx works with members to deliver safe homes for tenants with safe work environments for employees.


Organizations not subject to market swings, accurate renewal pricing estimates 4 months prior to renewal


Overseen by members, giving organizations greater control over their insurance


Each member is underwritten individually; benchmarking against your peers


Insure 85,000+ units of affordable housing valued at $11B+, workers compensation for 11 members with $150M+ payroll


Over $12M distributed back in savings to P&C program members


Long-standing relationships with vendor experts in broker services, captive management, actuarial, accounting, and finance


Housing Partnership Insurance Exchange (HPIEx) is the first property and casualty reinsurance company created, owned and operated by nonprofit housing developers. It offers members superior coverage (property, liability, and workers compensation), customized loss control services, and stable premiums that shield them from the volatile pricing in the conventional insurance market.

Housing Partnership Network launched HPIEx in 2004 to address the insurance crisis faced by our members after September 11th when insurers dramatically raised premiums and canceled coverage despite exceptionally low loss histories. Today, HPN serves as general manager and part owner of the company and oversees its contractual relationships with brokers, fronting carriers, reinsurers, claims managers and actuaries. Strong performance has enabled HPIEx to consistently distribute annual dividends to owner-members.


Management Team

Board of Directors

Allison Adduci

Chief Financial Officer & Managing Director, POAH

Brian Bieler

Director, Asset & IT Management, REACH

Paul Bernard

President & CEO, AHC, Inc.

Tom Earley

Chief Operating Officer, Satellite Affordable Housing Associates

Janine Lind

Chief Operating Officer, MidPen Housing Corporation

Daniel Lorraine

Senior VP Property Management, National Community Renaissance

Michael Monte (Chair)

Chief Executive Officer, The Champlain Housing Trust

Shelley Murphy

President and CEO, Wesley Housing

Angela Riley

CFO & EVP Administration, CommonBond Communities

Delphine Sherman

Chief Financial Officer, BRIDGE Housing Corporation

Lawrence A. Swanson

Executive Director, ACTION-Housing, Inc.

Charles Wehrwein

Chief Operating Officer, Housing Partnership Network