Fetch Pet Insurance

Last updated
Fetch Pet Insurance
Company typePrivately held
Industry Pet insurance
Founded11 September 2003;20 years ago (2003-09-11)
FoundersChris and Natasha Ashton
Headquarters101 Greenwich St., ,
USA
Area served
United States and Canada
Key people
Paul Guyardo (CEO)
Number of employees
200+
Website www.fetchpet.com

Fetch is a pet insurance provider, helping pet owners cover veterinary bills in the United States and Canada.

Contents

History

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 . [9] [10]

Products

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]

Related Research Articles

<span class="mw-page-title-main">Pet</span> Animal kept for companionship rather than utility

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<span class="mw-page-title-main">Pet adoption</span> Adoption of pets that have been abandoned by previous owners

Pet adoption is the process of transferring responsibility for a pet that was previously owned by another party. Common sources for adoptable pets are animal shelters, rescue groups, or other pet owners. Some organizations give adopters ownership of the pet, while others use a guardianship model wherein the organization retains some control over the animal's future use or care.

<span class="mw-page-title-main">Iams</span> Brand of cat and dog food

Iams is an American brand of dog food and cat food manufactured by Spectrum Brands in Europe and Mars, Incorporated worldwide. The food is formulated for the puppy/kitten, adult and mature stages of life. Veterinary formulas for pets with special dietary requirements are also produced.

<span class="mw-page-title-main">Vernon Hill</span> American businessman (born 1945)

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<span class="mw-page-title-main">PetSmart</span> American pet supply store chain

PetSmart Inc. is a privately held American chain of pet superstores, which sell pet products, services, and small pets. It is the leading North American pet company, and its direct competitor is Petco. Its indirect competitors are Amazon, Walmart, and Target. As of 2020, PetSmart has more than 1,650 stores in the United States and Canada. Its stores sell pet food, pet supplies, pet accessories, and small pets. Stores also provide services including grooming, dog daycare, dog and cat boarding, veterinary care via in-store third-party clinics, and dog training. They also offer dog and cat adoption via in-store adoption centers facilitated by the non-profit PetSmart Charities.

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A pooper-scooper, or poop scoop, is a device used to pick up animal feces from public places and yards, particularly those of dogs. Pooper-scooper devices often have a bag or bag attachment. 'Poop bags' are alternatives to pooper scoopers, and are simply a bag, usually turned inside out, to carry the feces to a proper disposal area. Sometimes, the person performing the cleanup is also known as the pooper-scooper.

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<span class="mw-page-title-main">Petco</span> American pet supply store chain

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<span class="mw-page-title-main">Veterinary oncology</span>

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<span class="mw-page-title-main">Woodgreen Pets Charity</span> British charitable organization

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<span class="mw-page-title-main">Dechra Pharmaceuticals</span> Pharmaceutical Company based in UK

Dechra Pharmaceuticals plc is a business involved in the development and marketing of veterinary products based in Northwich, England. It is listed on the London Stock Exchange until it was acquired by EQT Partners in January 2024.

Banfield Pet Hospital is a privately owned company based in Vancouver, Washington, United States, that operates veterinary clinics. Part of the Mars Inc. family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. Founded in 1955, the company operates many of its 1,000 plus clinics inside PetSmart stores. Banfield is the largest privately owned veterinary practice in the United States. On April 2, 2014, Banfield Pet Hospital announced its headquarters would be relocating to Vancouver, Washington, from nearby Portland, Oregon.

<span class="mw-page-title-main">Pets at Home</span> British pet supply store chain

Pets at Home is a British pet supplies retailer selling pet products including food, toys, bedding, medication, accessories and pets. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Founded in 1991, the company operates 453 stores across the UK, as well as an online store. Pets at Home also provides a range of services such as grooming, veterinary care and dog training.


Trupanion, founded in 1998, is a pet insurance provider based in Seattle, Washington that administers cat and dog insurance in the United States, Canada, Australia, and Puerto Rico. Trupanion is self-underwritten by the American Pet Insurance Company (APIC).

<span class="mw-page-title-main">Josh Harris (businessman)</span> American investor and sports team owner (born 1964)

Joshua Jordan Harris is an American investor, sports team owner, and philanthropist. He is a co-founder of the private equity firm Apollo Global Management and managing partner of the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and the NFL's Washington Commanders. Harris is also a general partner of the English football club Crystal Palace and owns a minority stake in Joe Gibbs Racing. He has an estimated net worth of around US$9 billion.

<i>The Dodo</i> (website) American media group and website

The Dodo is an American media brand and digital publisher focused on telling animals' stories. The Dodo is headquartered in New York City.

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<span class="mw-page-title-main">Petplan UK</span> British pet insurance company

Pet Plan Limited, trading as Petplan, is a London-based pet insurance company. It is a subsidiary of Allianz Insurance plc, part of the Allianz Global Group. Petplan is the largest pet insurance provider in the UK.

Whistle Labs Inc. is a subsidiary of Mars Petcare headquartered in San Francisco, California. It produces and markets the Whistle GPS Pet Tracker, a device worn on a pet's collar that monitors its activity and location. In addition to pet owners, the devices have been used by veterinary researchers.

References

  1. "Reinvent With a Pet Business," More.com, Nov. 7, 2011. http://www.more.com/pet-business-dog-daycare-cat-business
  2. "The Truth about Cats and Dogs: They're Costly," Wharton Newsletter, Spring 2003. http://wep.wharton.upenn.edu/newsletter/spring03/paws.html
  3. 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.
  4. "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/
  5. Strauss, Karsten (14 April 2014). "Dogs, Cats And A Moneymaking Machine: Meet Petplan". Forbes. Retrieved 7 May 2021.
  6. "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
  7. George, John (24 January 2019). "Petplan fetches new CEO". Philadelphia Business Journal. Retrieved 23 May 2021.
  8. DiStefano, Joseph (October 2, 2019). "Petplan sold to private equity giant; dueling owners exit". The Philadelphia Inquirer.
  9. 1 2 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.
  10. Adriano, Lyle (7 March 2022). "Petplan rebrands to Fetch by The Dodo". Insurance Business Canada. Retrieved 7 March 2022.
  11. Davila, Noel; Reynolds, Paul (4 May 2021). "11 Best Pet Insurance Companies of May 2021". Money. Retrieved 7 May 2021.
  12. Petplan is extending coverage to members amid coronavirus pandemic , retrieved 2020-07-22