Hedge Specialty

Hedge Specialty is a specialty insurance MGA and wholesale platform serving retail brokers seeking placement for hard-to-place and complex commercial risks across the US. The company combines wholesale distribution and underwriting functions within a single platform, using AI agents to automate much of the submission, evaluation, and quoting workflow that traditionally required extensive human coordination.

The platform underwrites and places coverage across more than a dozen specialty lines including commercial property, general and excess liability, cyber, management liability, employment practices, inland marine, and commercial auto. Hedge works with multiple specialty carriers to provide capacity and binding authority across these lines, handling risks that standard markets typically decline.

Hedge was founded in 2026 by Luke Button and Luke Rosa, both previously from Traba, and is part of Y Combinator's Spring 2026 batch. The company targets retail brokerages that regularly encounter E&S and specialty placements, with early traction from regional brokerages across the US.