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.
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage 
Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s 
Chubb Q2 Net Income Up 24% to $2.2B 
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 
