Hudson Insurance Group (Hudson) launched its new Commercial Excess and Umbrella business.
This new unit will provide coverage on a non-admitted basis in all 50 states. Led by Thomas Farrell, the unit will operate on a limited brokerage basis that focuses on small, regional producers.
Offering limits up to $5m, Hudson’s target risk appetite includes Manufacturing, Contracting, Habitational, Hospitality, Lessors Risk and Transportation classes of business.
Hudson Insurance Group president and CEO Christopher Gallagher said: “We’re delighted to hire Tom and expand our product offering to our wholesale business partners.
“Tom brings significant expertise to Hudson – this, coupled with the size and security of Hudson’s A-rated paper and our quality service, provides a unique value proposition for our producers.”
Mr. Farrell has more than 15 years experience in the commercial excess and umbrella market. He most recently served as regional vice president at Berkley Excess Managers, a W.R. Berkley Company. Prior to this, he led the northeast branch of Admiral Insurance Group’s Excess Division.
Mr. Farrell holds a J.D. from St. John’s University and a B.A. from Villanova University. He is based in Stamford, CT and reports to Bill Schmidt, senior vice president, Hudson Insurance Group.