PriyaPatel
TLDR:
– Insurtech company Hadron Insurance is expanding into the UK market following its acquisition of Folgate Insurance Company.
– Hadron aims to address deficiencies in the global hybrid insurance model, including improving service quality, enhancing data and technological efficiency, and adding value to program partners.
– The acquisition marks a significant expansion for Hadron, extending its presence from the US to the UK.
Insurtech company Hadron Insurance is entering the UK market with its acquisition of Folgate Insurance Company, as it seeks to address deficiencies in the global hybrid insurance model. The company aims to improve service quality and efficiency through enhanced data and technology, adding value to its program partners. Hadron provides flexible capacity and reinsurance services to Managing General Underwriters (MGUs) seeking specialty insurance coverages. The acquisition of Folgate Insurance Company will expand Hadron’s presence from the US to the UK.
