New A-Rated Capacity with Hadron UK Insurance Company Limited
30 September 2024
NBS Underwriting is delighted to announce the addition of new AM Best A-rated (Excellent) capacity to its insurer panel, effective from 1st October. This new capacity, provided by Hadron UK Insurance Company Limited, will be available across all SME, Professional Indemnity, Property Owners, and Commercial products, complementing existing capacity. This strategic partnership reinforces NBS’ commitment to offering diverse, flexible, and competitive solutions that benefit brokers and clients in an evolving market.
Hadron UK Insurance Company Limited, previously known as the well-established Folgate Insurance Company and acquired by Hadron in February, is authorised and regulated by the Prudential Regulation Authority and the Financial Conduct Authority to underwrite general insurance including liability, commercial property and casualty (P&C) insurance in the UK.
The introduction of Hadron UK, via Accelerant’s Risk Exchange platform, continues to enhance support for its Members, including NBS Underwriting, by providing robust capacity alongside expert services in underwriting, claims, and actuarial functions. This partnership, built on shared values such as a policyholder-centric approach and a dedication to offering reliable insurance solutions, will enable NBS to deliver consistent pricing and underwriting strategies across both new business and renewals, further solidifying relationships with brokers and policyholders.
NBS Underwriting remains committed to delivering market-leading solutions while maintaining the flexibility to address the diverse needs of brokers and clients. In cases where market security or client preferences require it, NBS Underwriting will continue to access Accelerant’s underwriting capacity, ensuring stability and continuity in their offerings.
Starting from 1st October, NBS will offer Hadron UK paper on some of its SME products, with plans to expand this offering as systems are further developed. This new capacity is set to support NBS Underwriting’s growth ambitions for the next five years and beyond.
Steve Cowman, Managing Director of NBS Underwriting, commented: “We believe the addition of Hadron UK will significantly expand the range of options available to our brokers and clients. It supports our growth ambitions over the next five years and strengthens our position as a provider of adaptable and high-quality insurance solutions. Our partnership with Hadron UK demonstrates our commitment to delivering high-quality solutions, leveraging their expertise and capacity to support the evolving needs of MGAs like us, while complementing and strengthening our relationship with Accelerant. We look forward to the opportunities this collaboration will bring as we continue to build on our strengths.”
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 .