Hudson Insurance Group, the US Insurance division of Odyssey Re Holdings Corp, said that Hudson Financial Products is expanding its private company management liability (PCML) business with the launch of a private defender modular policy form that targets middle market privately held entities.
The company has said that the 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 unit based in Philadelphia.
James Hooghuis, chief underwriting officer of Hudson Financial Products, said: 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 an underwriter of property and casualty reinsurance and specialty insurance. It provides admitted and non-admitted insurance, through Hudson Insurance Company and Hudson Specialty Insurance Company. It also provides primary and excess insurance coverages underwritten by Hudson Programs, Hudson Healthcare, Hudson Financial Products, Hudson Environmental, Hudson Crop and Clearwater Marine.