Statement
London, 10 April 2025 – Altea, the multi-class managing general agent specialising in the healthcare and medical sectors, has extended its multi-year capacity commitment with additional support from Hadron UK Insurance Company Ltd (Hadron), the specialty insurance carrier rated A- (Excellent) by AM Best in Financial Size VII. The partnership, effective from 1st January 2025, is enabled by the Accelerant Risk Exchange and sits alongside Altea’s existing arrangements with Accelerant forming part of their rolling five-year capacity commitment.
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.
Carly Matson, CEO of Altea, said: “The increased volume of capacity available to Altea through this arrangement will enable us to expand our commitment to provide bespoke and reliable coverage and support to our insureds. Our policyholders value the high-quality, long-term capacity Altea provides and through our partnership with Hadron, we will be able to build on our strong foundation to serve more clients as Altea continues to grow.”
Colin Johnson, CEO International at Hadron, said: “Hadron was founded to be a long-term partner to the most capable and forward-thinking MGAs in the market. Altea’s deep expertise in the healthcare and medical sectors, combined with their disciplined underwriting and strong track record, makes them exactly the kind of partner we look to support. We’re excited to help power their continued growth with high-quality, stable capacity.”
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