Hadron names Sam Reeder as CEO

Hadron, a specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, has appointed Sam Reeder as Chief Executive Officer (CEO).

AS CEO Reeder is to build on Hadron’s momentum, having launched in November 2023 with over $250M in capital support from Altamont Capital Partners and recently expanding into the UK market.

Founded by a group of industry veterans with extensive experience in insurance, operations, technology, and finance, its hybrid offering caters to the needs of both reinsurers looking to access the specialty insurance market and MGUs wanting to provide small businesses with protection that standard carriers would not cover.

Prior to joining Hadron, Reeder served as CEO of Validus Specialty Underwriters, a US-based Lloyd’s-approved coverholder and underwriting agency wholly owned by AIG, for four years.

Before that, the executive held roles of increasing responsibility in areas of Business and Corporate Development for Validus Holdings Ltd. (Bermuda) and Validus U.S., where he focused on M&A and other strategic assignments across the Group’s diverse platforms spanning Lloyd’s, Bermuda Reinsurance, ILS, and US insurance.

“Under Sam’s leadership, Hadron will continue to evolve its unique hands-on approach to underwriting risk and supporting MGUs in growing their business profitably through operational excellence and rapid, quality support,” said Sam Gaynor, Managing Director, Altamont Capital.

Adding: “Sam has extensive expertise across our key customer segments and a strong performance track record, and we’re excited to welcome him aboard.”

Reeder takes over his new role at a time the re/insurance industry faces a challenging risk landscape, including increasing deglobalization, the likelihood of more frequent and destructive climate-related natural disasters, rising interest rates, greater recessionary risk, structurally higher inflation, and supply constraints.

To navigate this challenging dynamic, specialty underwriters increasingly seek long-term and committed capacity partners to help them address the ever-changing risk landscape while meeting the needs of consumers and businesses.

Hadron, the company stated, is ushering in a new standard for linking risk capital with specialty insurance distribution, focusing on underwriting integrity, operational effectiveness, and a modern tech stack with scalable data infrastructure.

“This is a critical inflection point for the specialty insurance industry, and I am thrilled to lead Hadron and help drive its pioneering approach to meet the market’s needs,” said Reeder. “The expansion of MGUs and other delegated authority businesses has been notable, but the slow, opaque underwriting, onboarding processes, and a lack of reinsurer-carrier alignment continue to hinder progress.”

He continued: “After engaging with Altamont on their plans for Hadron and its constructive and transparent approach to underwriting risk, rapid, quality program development, operational and regulatory credibility, and highly-rated capacity, it was clear that this approach could make a meaningful difference. I look forward to building on our risk expertise, data infrastructure, technology, and financial stability.”

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