Houston International Insurance Group, Ltd., has expanded its management liability coverage offerings to include an excess public D&O (Directors and Officers) product.
As part of this expansion, the company hired underwriter Peter Bujosa, as Public D&O lead. Bujosa previously worked at American International Group and Alliant Insurance Services in their management liability divisions, with a focus on public D&O. Additionally, Nishal Patel, a private company D&O underwriter, has recently joined the team as a director, Private Company D&O.
According to Michael Abdulahad, vice president who leads HIIG’s Executive Liability division, the hardening of the public D&O marketplace creates an opportune time for it to enter the market.
HIIG is an insurance holding company formed in 2007. Based in Houston, Texas, HIIG has underwriting segments focused on Specialty Lines and Industries, Accident & Health, Programs, and Large Commercial Property. At December 31, 2019, HIIG had total assets of $1.97 billion and shareholders’ equity of $420 million. HIIG’s subsidiary insurance companies consist of Houston Specialty Insurance Company; Imperium Insurance Company; Great Midwest Insurance Company; Oklahoma Specialty Insurance Company; and Boston Indemnity Company, Inc.
Was this article valuable?
Here are more articles you may enjoy.
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions 
Ryanair Passenger Partly Sucked From Jet After Window Breaks 
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? 
