Hadron, an insurance carrier focused on innovation in the delegated authority space, today announced the successful completion of its acquisition of The Guarantee Company of North America USA (GCNA) from Atlantic Specialty Insurance Company, a subsidiary of Intact Financial Corporation.
The acquisition, which was first announced in April this year, marks Hadron’s second since its launch in 2023 and significantly broadens the firm’s specialty footprint.
In addition, it introduces new admitted product opportunities across its U.S. platform while accelerating its overall growth trajectory.
The deal also secures licensing in all 50 states, Washington, D.C., and Puerto Rico, along with a U.S. Department of Treasury Certificate of Authority for federal surety bonds, further expanding Hadron’s capabilities.
Sam Reeder, CEO of Hadron, commented, “Today marks a pivotal milestone in Hadron’s journey to modernise the insurance value chain.
“GCNA’s broad nationwide admitted licensing and surety capabilities position us to deliver solutions that meet the evolving needs of the delegated authority market.
“I’d like to thank my colleagues for their tireless efforts in building Hadron with unwavering commitment to excellence, at a pace and scale that is enviable.”
