Hudson Insurance Group, the US insurance division of Odyssey Re Holdings, has acquired Hooghuis Group, an underwriting agency specializing in the US directors and officers liability insurance.
Hooghuis has been underwriting directors and officers liability (D&O) business for Hudson and OdysseyRe affiliates for over 10 years. In 2004, Hudson purchased 40% of Hooghuis to further align its interests in the business.
James Hooghuis, chairman and CEO of Hooghuis, joins Hudson as an executive vice president and chief underwriting officer of Hudson Financial Products. All current employees of Hooghuis will join Hudson and continue to work from their existing locations in Mineola, New York, and Farmington, Connecticut.
Mr Hooghuis said: We are delighted to join OdysseyRe after years of working in close partnership, and look forward to utilizing our skills and experience to make Hudson a leading underwriter in the D&O sector.