Folgate receives A- (Excellent) rating from AM Best

Ian-Russell,-Group-CEO-and-CUO,-Folgate-Insurance

An important milestone in Folgate’s history as AM Best upgrade the company’s Financial Strength Rating (FSR) to A- (Excellent) and their Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent).

Folgate was acquired by Hadron in January 2024 and the recent ratings upgrade from AM Best reflect Hadron's strength and strategic direction. These ratings will continue to drive Folgate’s momentum as they push for unprecedented growth. Folgate remains committed to the UK market and will continue to create and launch innovative products via their online trading platform and Acturis.

Ian Russell (pictured), Folgate CEO/CUO said, “Folgate was only acquired by Hadron in January, and already we have achieved “A-” rating and increased our Property line size to £30,000,000, with more positive news to come. I would like to thank all of our supporting brokers and networks that have continued to support us and cannot wait to announce further positive developments in the coming months”.

Authored by Folgate

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About Folgate

Since our establishment in 1993, we have always built our business on relationships and service via our UK broker partners, each of whom have direct access to a selected Business Account Manager.

Our commercial lines products include property owners, shops, offices, hotels, commercial combined, contractors, tradesman, cleaners, excess of loss and professional indemnity, all traded via our own extranet system as well as a select presence on Acturis.

Brokers have the ability to quote and buy on our on-line trading platform, but also have direct access to our experienced underwriters for anything they need to discuss, or to send submissions over.

Our limits per risk are as follows:

  • Property £30,000,000
  • Employers Liability £35,000,000
  • Public & Products Liability £35,000,000
  • Professional Indemnity £10,000,000

We strive to constantly evolve our products and offerings, with some exciting new launches coming soon, including more via Acturis.