Kova Professions (Kova), a managing general agent specialising in professional indemnity (PI), has entered an underwriting partnership with Hadron, the specialty insurance carrier.
The arrangement, effective immediately, is structured through a five-year capacity commitment, facilitated by the Accelerant Risk Exchange.
The announcement follows Hadron's expansion in the UK market, highlighted by its acquisition of Folgate Insurance earlier this year.
Hadron provides insurance capacity to small and medium-sized enterprises and lower middle-market clients, with offerings across various monoline and packaged products. It operates with backing from capital partners aimed at sustaining the long-term growth of its MGA clients.
Kate Albert (pictured above), CEO of Kova, described the partnership with Hadron as a strategic alignment that supports Kova’s goals in the market.
“Our alignment with Hadron as Kova’s capacity provider is a strategic move that supports our long-term growth and commitment to the professional indemnity market,” Albert said. “With this five-year capacity agreement, we’re positioned to build on the solid foundation from Accelerant and continue offering high-quality, reliable coverage to our clients.”
Albert also noted that the development represents a step toward providing continued stability and tailored support to brokers and insureds as the company pursues growth.
Earlier this year, Kova expanded with the appointment of Sarah Morrison, whose extensive PI experience bolstered the firm’s underwriting capabilities and risk management processes. She made the switch from RSA Group, where she served as a senior PI underwriter.
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