Overview
Hedge is a specialty insurance MGA focused on excess and surplus (E&S) placement for hard-to-place commercial risks. Founded in 2026 by Luke Button and Luke Rosa, Hedge operates as a named broker combining AI agents with underwriting expertise to streamline the wholesale insurance workflow. The company addresses critical inefficiencies in specialty risk placement, where information is repeatedly re-entered by hand and distributed through manual email chains, causing quotes to take days or weeks.
Hedge has built a curated network of 30+ specialty insurance markets including admitted carriers, non-admitted carriers, Lloyd's, and specialty MGAs. The company operates under the legal entity Taven Insurance Services LLC (dba Hedge Specialty), holding full binding authority to place complex commercial risks across multiple lines of business.
The platform rebuilds the wholesale workflow by combining AI-powered risk triage and market selection with dedicated human underwriting, providing retail brokers with faster turnaround times and better market access for accounts traditional carriers deprioritize or refuse.
Products & Services
Specialty Risk Placement
Hedge provides a four-step workflow for placing complex excess and surplus (E&S) risks: 1. Intake - Brokers submit accounts via email, ACORD forms, screenshots, or plain text with no proprietary portal required 2. Placement - Dedicated team places risk with curated markets across admitted and non-admitted carriers, Lloyd's, and specialty MGAs 3. Transparency - Real-time file tracking with status, carrier responses, and subjectivities visible to broker and carriers 4. Bind - Quote comparison, policy verification against underwriting terms, and clean binders delivered directly into broker AMS
Key Features
- Commercial Property (cat-exposed and coastal properties)
- General & Excess Liability ($1M-$100M limits)
- Professional liability and E&O
- Cyber and tech E&O
- Specialty lines (environmental, medical malpractice, employment practices)
Target Users: Retail insurance agents and brokers, particularly regional and mid-market agencies focused on commercial P&C, specialty, and professional lines
Distribution: Wholesale through retail broker networks; dedicated team per account from intake through bind
At a Glance
- Founded
- 2026
- Headquarters
- San Francisco, California
- Employees
- 1-10
Category & Focus
Last updated: 2026-06-14