Insurer to rebrand after acquisition as c-suite appointments announced

US-based Hadron Specialty has confirmed that it will be rebranding Folgate Insurance after acquiring the London insurer earlier this year.

Hadron entered the UK market in February 2024 with its acquisition of Folgate, a firm which specialises in commercial insurance.

Now that the deal has gone through, Folgate will be rebranded to Hadron UK Insurance Company Limited, upon receipt of secretary of state approval.

Under the new banner, the business will continue to support all in-force policies with the same service.

Appointments

Meanwhile, Hadron also announced that it had made three new c-suite appointments.

This includes Rob Passaro as group chief financial officer, Greg Guelfand as international chief financial officer and John Andrews as international chief underwriting officer.

“We’re excited to formally align our global business under the Hadron banner while bringing on high quality executives,” said Sam Reeder, chief executive at Hadron.

“With our group A- rating from AM Best spanning both the US and UK entities, a robust team and substantial capital, Hadron is well-positioned to foster the continued growth of the specialty insurance market, effectively matching profitable risk with stable capital.”