Hadron Announces Continued Momentum with Key Executive Hires and UK Rebrand
05 Agosto 2024 - 8:00AM
Business Wire
UK business to be renamed Hadron UK
Insurance Company Ltd.
Hadron, which provides flexible capacity and access to bespoke
reinsurance solutions to specialty and commercial P&C
underwriters, today announced continued momentum in its UK business
as it strengthens its executive team and aligns the company under
the Hadron name.
Hadron entered the UK market in February 2024 with its
acquisition of Folgate, an insurance company dating back to 1877.
Today, Hadron announced the addition of three key hires: Rob
Passaro, who joins as Group Chief Financial Officer, Greg Guelfand,
who will join as International Chief Financial Officer; and John
Andrews, International Chief Underwriting Officer. In addition,
Folgate Insurance Company Limited, will be rebranded Hadron UK
Insurance Company Limited (“Hadron UK”) upon receipt of Secretary
of State approval. These moves came after AM Best reaffirmed
Hadron’s A- (Excellent) rating in Financial Size Category VIII for
its US and UK entities in June.
“We’re excited to formally align our global business under the
Hadron banner while bringing on high quality executives,” said Sam
Reeder, CEO of Hadron. “With our Group A- rating from AM Best
spanning both the US and UK entities, a robust team, and
substantial capital, Hadron is well-positioned to foster the
continued growth of the specialty insurance market, effectively
matching profitable risk with stable capital.”
Under the new banner, Hadron UK will continue to support all
in-force policies with the same service and care to which
commercial customers have become accustomed.
Backed by over $250M in capital from Altamont and other
institutional investors, Hadron designs optimal, efficient
structures that support both rapid paths to market and long-term
stability. Its strategy is marked by a disciplined yet pragmatic
view of underwriting risk; the use of technology to drive
efficiency and transparency, and close working relationships with
its MGU specialists and risk capital providers.
For more information or to get in touch, please visit our
website at hadroninsurance.com.
About Hadron
Launched in 2023, Hadron provides insurance capacity to select
MGUs sourcing specialty insurance coverages. Hadron is focused on
empowering specialty insurance underwriters with flexible capacity
and reinsurance solutions that address many deficiencies in the
worldwide insurance model — from poor service to substandard data
and technological efficiency and more.
The firm comprises Hadron Specialty Insurance Company, an
Arkansas-domiciled E&S carrier, and Hadron UK Insurance Company
Limited, which is backed by over $250M in capital from Altamont and
other institutional investors. Hadron is rated A- (Excellent) from
AM Best in Financial Size VIII. For more information, please visit
www.hadroninsurance.com.
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Chelsea Allison chelsea@cmand.co CMAND for Hadron Insurance