Hadron to Acquire The Guarantee Company of North America USA, Expanding Nationwide Insurance Capabilities

Nationwide admitted licensing expands Hadron’s reach, enhances insurance solutions

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Hadron, a modern insurance carrier setting a higher standard in the delegated authority space, today announced its intent to acquire The Guarantee Company of North America USA (GCNA), a Michigan-domiciled insurance company, from Atlantic Specialty Insurance Company, a subsidiary of Intact Financial Corporation (TSX: IFC).

This acquisition marks a major milestone in Hadron’s growth, broadening its product offerings and strengthening its position in the U.S. market. Hadron expects the acquisition to close in the third quarter, subject to regulatory approvals and customary closing conditions. No net premiums, net loss reserves, or employees will transfer as a result of the transaction.

With licensing to operate in all 50 U.S. states, Washington, D.C., and Puerto Rico, as well as a Certificate of Authority from the U.S. Department of Treasury as an acceptable surety for Federal bonds, GCNA will significantly expand Hadron's capabilities and national footprint, enhancing its ability to deliver a broader range of admitted insurance solutions to policyholders and underwriting partners.

Hadron, backed by more than $250M in committed capital from Altamont Capital Partners and other institutional investors, launched in the U.S. in 2023 and expanded to the UK in early 2024. Hadron provides both lead and primary insurance services as well as capacity to managing general agents (MGAs) or managing general underwriters (MGUs) that offer small-to-medium-sized businesses (SMBs) protection for their growing insurance needs.

“This acquisition marks a pivotal step for Hadron as we continue to modernize the insurance value chain and deliver superior outcomes for our distribution partners, capacity providers, and policyholders,” said Sam Reeder, CEO of Hadron. “By integrating GCNA’s surety licensing and broad nationwide admitted product capabilities with Hadron’s data-first approach, we will be able to deliver a wider range of solutions to meet the growing demand for diverse and specialized insurance products.”

This transaction reinforces Hadron’s mission to modernize the insurance industry and provides a solid foundation for long-term growth, innovation, and profitability.

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 carrier, and Hadron UK Insurance Company Limited, and is backed by over $250M in committed capital from Altamont Capital partners and other institutional investors. Hadron is rated A- (Excellent) from AM Best in Financial Size VIII. For more information, please visit www.hadroninsurance.com.