’Hadron’s entry into the UK is a testament to the impactful global approach it has developed,’ says managing directorUS-based Hadron Specialty Insurance is expanding into the UK with the acquisition of London-based Folgate Insurance Company. Hadron is a hybrid carrier that provides insurance capacity to select managing general underwriters (MGUs) sourcing specialty insurance coverages. The firm noted that the acquisition of Folgate expands Hadron’s footprint from 50 US states into the UK. “Folgate was established in 1887 and has continuously stood out as a well run and capitalised insurance entity,” said Ian Russell, group chief executive and chief underwriting officer of Folgate. “The consolidation that we’ve witnessed in the UK hasn’t even really begun yet and the amount of momentum that is mounting is substantial,” he said.

Source: The Times February 01, 2024 14:17 UTC