Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp., reports it has acquired Hooghuis Group LLC, an underwriting agency specializing in U.S. directors and officers liability (D&O) insurance.
Hooghuis has been underwriting D&O business for Hudson and OdysseyRe affiliates for over 10 years. In 2004, Hudson purchased 40 percent of Hooghuis to further align its interests in the business. With this acquisition, Hudson will now fully integrate the Hooghuis operation.
James J. Hooghuis, chairman and chief executive officer of Hooghuis, joins Hudson as an executive vice president and chief underwriting officer of Hudson Financial Products. All current employees of Hooghuis will join Hudson and continue to work from their existing locations in Mineola, N.Y., and Farmington, Conn.
Hudson Insurance Group, based in Stamford, Conn., specializes in primary and excess insurance coverages through Hudson Programs, Hudson Healthcare and Hudson Financial Products. Hudson provides admitted and non-admitted insurance predominantly through Hudson Insurance Co. and Hudson Specialty Insurance Co.
Topics Mergers & Acquisitions
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