Hudson Insurance Group Expands HFP Product Offering

NEW YORK--(BUSINESS WIRE)-- Hudson Insurance Group, the U.S. Insurance division of Odyssey Re Holdings Corp., today announced that Hudson Financial Products (“HFP”) is expanding its private company management liability (“PCML”) business with the introduction of a Private Defender modular policy form that targets middle market privately held entities. Coverages include Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability and Crime. The PCML product offering, the Private Defender, will be underwritten by a dedicated unit based in Philadelphia.

James J. Hooghuis, Chief Underwriting Officer of Hudson Financial Products, commented, "Following the recent hiring of Lou Grandrino, to head up our Philadelphia based Mid-Atlantic branch, Hudson continues to assemble, under Lou’s stewardship, a quality team of professionals to develop public company business regionally, and both private company and not-for-profit entities nationally.”

Hudson Insurance Group is the U.S. Insurance division of Odyssey Re Holdings Corp. ("OdysseyRe"), a leading worldwide underwriter of property and casualty reinsurance and specialty insurance with $3.5 billion in policyholders' surplus. Hudson Insurance Group provides admitted and non-admitted insurance, predominantly through Hudson Insurance Company and Hudson Specialty Insurance Company, both rated "A" (Excellent) XV by A.M. Best Company. Hudson Insurance Group specializes in primary and excess insurance coverages underwritten by Hudson Programs, Hudson Healthcare, Hudson Financial Products, Hudson Environmental, Hudson Crop and Clearwater Marine.

Hudson Insurance Group
James J. Hooghuis, 212-978-2807

Source: Hudson Insurance Group