From Yahoo Finance: 2025-04-15 05:54:00

Insurance carrier Hadron is set to acquire The Guarantee Company of North America USA from Atlantic Specialty Insurance Company, part of Intact Financial. This move aims to expand Hadron’s product range and market presence in the US, with the deal expected to close in the third quarter of this year.

The acquisition will not involve the transfer of net premiums, net loss reserves, or employees. With GCNA’s licenses to operate in all 50 US states, Washington, DC, and Puerto Rico, Hadron plans to enhance its admitted insurance solutions delivery to policyholders and underwriting partners.

Hadron CEO Sam Reeder sees this acquisition as a key step in modernizing the insurance value chain to deliver superior outcomes. With substantial capital investment, Hadron began operations in the US in 2023 and entered the UK market in 2024 through the acquisition of Folgate Insurance Company.

The company offers lead and primary insurance services and capacity to managing general agents or managing general underwriters, catering to the insurance needs of small-to-medium-sized businesses. This acquisition is a significant development for Hadron as it aims to meet the growing demand for diverse and specialized insurance products.

Read more: Hadron to buy The Guarantee Company of North America