Hudson Insurance Group announced today that it has acquired Hooghuis Group LLC, an underwriting agency specializing in U.S. directors and officers liability insurance.

Terms of the deal were not disclosed.

According to Stamford, Conn.-based Hudson, Hooghuis has been underwriting D&O business for Hudson and Odyssey Re affiliates for more than 10 years.

In 2004, Hudson, the U.S. insurance division of Odyssey Re Holdings Corp., purchased 40 percent of Hooghuis to further align its interests in the business, the insurance company said in a statement.

Commenting on Hudson's decision to fully integrate the Hooghuis operation, Andrew Barnard, chief executive officer of Odyssey Re, said, "This deal is the culmination of a long and prosperous relationship with Hooghuis...This transaction underscores our commitment to the U.S. D&O marketplace and is a further demonstration of Hudson's expanding capabilities."

James J. Hooghuis, chairman and chief executive officer of Hooghuis, now joins Hudson as an executive vice president and chief underwriting officer of Hudson Financial Products. In addition, all current employees of Hooghuis will join Hudson and continue to work from their existing locations in Mineola, N.Y., and Farmington, Conn.

Hudson Insurance Group specializes in primary and excess insurance coverages through Hudson Programs, Hudson Healthcare and Hudson Financial Products.

Hudson provides admitted and nonadmitted insurance predominantly through Hudson Insurance Company and Hudson Specialty Insurance Company.

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Odyssey's Hudson Acquires Underwriting Agency Hooghuis

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