MGU capacity provider Hadron has announced the appointment of Colin Johnson as CEO of its international operations.
Johnson will oversee Hadron UK Insurance Company (HUKIC), subject to regulatory approval, along with its affiliates. His role is aimed at expanding Hadron's presence in the delegated authority market across the UK and EU.
The appointment follows Hadron's first year of operations, during which it launched several programmes across the US and UK. The initiatives were supported by a panel of reinsurance partners, which Hadron describes as both diverse and high-quality.
Johnson previously held the role of CEO at Accredited Insurance (Europe) Limited (AIEL), where he oversaw the growth of AIEL into a significant insurer of UK and EU programme management business. Hadron noted his affiliation, noting that the company wrote over $1 billion in annual gross written premium (GWP) across a range of managing general agents (MGAs) during his tenure.
Hadron has also indicated plans to write more than $200 million in business across its platforms in 2024, with projections for higher run-rate figures by 2025. The company said that it aims to combine a measured approach to underwriting risk with a focus on technology-driven efficiency and transparency.
The carrier also emphasises collaboration with underwriting specialists and risk capital providers as central to its operations.
Sam Reeder, Hadron’s CEO, expressed confidence in Johnson’s leadership and welcomed him to the team.
"Colin is an exceptional leader, and I am pleased to have him join our team to help accelerate our growth in the UK and other international markets in time," Reeder said. "As we look toward growing our business in 2025 and beyond, Colin's expertise will be invaluable to me and the rest of the team."
In a statement, Johnson said he was looking forward to contributing to Hadron’s development and working with its team.
"I look forward to partnering with Sam and the rest of the team to help build out a diversified, broad strategy that targets mid-market specialty commercial MGAs and MGUs with mature operations and profitable portfolios,” Johnson said.
Hadron, which launched in the US in late 2023, operates with over $250 million in capital from Altamont Capital Partners and other institutional investors.
The company provides insurance capacity and underwriting services to MGAs and managing general underwriters (MGUs), focusing on small-to-medium-sized businesses (SMBs) with risks that may not be addressed by traditional insurers.
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