Hadron is introducing a new management liability program in Wisconsin, with an effective date of June 15, 2026 for new business.

The program targets financial institutions and offers a package of coverages including directors and officers liability, employment practices liability, fiduciary liability, fund E&O, and registered investment advisor liability, available on a standalone or bundled basis.

Coverage is written on a claims made basis with defense costs included within limits, and a standard $1 million policy limit with a one year term.

The filing introduces a full rating framework built around exposure driven inputs. Pricing varies based on metrics such as assets, revenue, employee count, and assets under management, depending on the coverage line. These base rates are then adjusted using a wide set of modifiers tied to business type, years in operation, financial condition, claims history, and operational complexity.

For example, D&O pricing incorporates factors like asset size, geographic reach, litigation history, and regulatory activity, while professional liability and fund E&O models adjust for service type, investment strategy, and investor mix.

Across the program, additional levers include limit selection, retention levels, and subjective underwriting adjustments of up to ±25 percent to reflect risk characteristics not captured in the base model.

The filing is rate neutral, with no immediate premium impact expected, and reflects Hadron’s move to build a structured management liability offering for financial institutions using modular coverage and granular underwriting inputs.