Hadron Insurance names Sam Reeder to CEO post

Specialty insurer Hadron announced Friday (April 5) the appointment of Sam Reeder as Chief Executive Officer.

Hadron recently received a new capital investment of $250 million from Altamont Capital Partners to expand into the UK market.

Reeder previously spent four years as the CEO of Validus Specialty Underwriters, a U.S.-based Lloyd’s-approved coverholder and underwriting agency wholly owned by AIG, focused on providing specialty insurance solutions for U.S. insureds and their global exposures.

Before that, Reeder held roles 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 U.S. 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. “Sam has extensive expertise across our key customer segments and a strong performance track record, and we’re excited to welcome him aboard.”

“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. 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.”

Hadron is comprised of Hadron Specialty Insurance Company, an Arkansas-domiciled E&S carrier firm rated A- (Excellent) from AM Best in Financial Size VIII, and Hadron UK Insurance Company (formerly known as Folgate Insurance Company Limited).