What is Bardon?
Bardon operates as a Managing General Underwriter, specializing in medical excess loss coverage for single employer groups ranging from 25 to over 5,000 employee lives. Founded on principles of honesty, integrity, and excellence, Bardon aims to forge partnerships with medical Third Party Administrators that share these core values. This business model has fostered stability for Bardon and its clientele within a frequently volatile market. The company represents American National Insurance Company, which holds an A (Excellent) rating from A. M. Best. Bardon is also an active member of the Self-Insurance Institute of America (SIIA) and serves as a Stop Loss Service Partner for the Society of Professional Benefit Administrators (SPBA).
How much funding has Bardon raised?
Bardon has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Bardon?
The recent large-scale, late-stage funding signifies Bardon's maturity and its strategic intent to further solidify its market presence. This infusion of capital is likely to fuel expansion initiatives, potentially involving the enhancement of its underwriting capabilities, the broadening of its service offerings, or strategic acquisitions to complement its existing business. The 'major strategic investment' context suggests a focus on long-term growth and market leadership, positioning Bardon for sustained success in the competitive insurance landscape.
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