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.
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
Space Startups Seek Insurance for Orbital AI Data Centers 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
