LONDON: 04 November 2024
Kova Professions (Kova), the specialist MGA focused on Professional Indemnity, today announced that it is underwriting with capacity from Hadron, the specialty insurance carrier rated A- (Excellent) by AM Best in Financial Size VII. This news follows the UK expansion of Hadron via its acquisition of Folgate Insurance earlier this year. The partnership, which is part of a five year capacity commitment, is enabled by the Accelerant Risk Exchange and is effective immediately.
Hadron is a specialty insurance carrier, providing capacity to SMEs and lower middle-market insureds, across a broad range of monoline and packaged products. Hadron is backed by high-quality capital partners to support the long-term stability and growth of its MGA customers.
“Our alignment with Hadron as Kova’s capacity provider is a strategic move that supports our long-term growth and commitment to the professional indemnity market,” said Kate Albert, CEO of Kova. “With this five-year capacity agreement, we’re positioned to build on the solid foundation from Accelerant and continue offering high-quality, reliable coverage to our clients. This transition marks a meaningful step forward, enabling us to continue delivering the stability and tailored support our brokers and insureds count on as we grow.”
Contact:
Victoria Sisson, Omnia Partners 07941 294872 / victoria.sisson@weareomniapartners.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 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
About Kova
Kova Professions is a pioneering MGA specialising in Professional Indemnity (PI) insurance. Focusing on mid-market SME businesses across diverse sectors in the UK, Kova collaborates closely with brokers as strategic partners. Employing a disciplined underwriting process that advocates for sound risk management, Kova delivers bespoke PI insurance solutions, simplifying processes and reducing uncertainty for brokers.
Learn more at: kovaprofessions.com
