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Hedge

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AI-Native specialty insurance company

Spring 2026Founded 20262 peopleSan Francisco, CA, USA
AI insightcan contain mistakes
Specialty Insurance AISaaSInsurance brokers, insurersMedium competition
Moat
AI-powered quote matching and pricing; broker-friendly interface; speed and cost advantages.
Key risk
Incumbent insurers have pricing power; broker resistance to new vendors; regulatory hurdles.
Why now
AI enables real-time quote comparison; broker efficiency demands drive adoption.
Competitors
Apollo, Clearcover, Lemonade, incumbent broking platforms

About

Hedge is an AI-Native specialty insurance company. We help insurance brokers find faster, cheaper, and better coverage for their customers.

Founders ยท 2

Luke Button
Luke ButtonFounder

Building Hedge. Prev. founded Fernstone (AI-powered retail insurance brokerage), led a growth team at Traba (Series A, backed by Founders Fund), Head of Growth at Antimetal, cofounder at Contrast (acquired).

Luke Rosa
Luke RosaFounder

Building Hedge. Prev. Head of Scaled Systems at Traba (Series A, backed by Founders Fund, Khosla), replaced humans with AI agents to manage $20 MM+ in revenue. Econ at UChicago.

Launch

Launched on Y Combinator ยท May 2026
View launch post โ†—

Helping brokers get faster and better coverage for their customers

Hedge builds an AI-native insurance brokerage focused on wholesale and underwriting to help brokerages obtain faster, cheaper quotes for complex E&S (excess and surplus) business. It starts by digitizing the wholesale layer to reduce manual steps and plans to combine wholesale distribution and underwriting into one AI-driven insurance company for brokers.

Formerly โ€œTavenโ€

FintechInsuranceArtificial IntelligenceFintechB2BInsurance

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