HIIG ANNOUNCES NEW OFFERING OF D&O COVERAGE FOR PUBLIC COMPANIES AND ADDS TOP TALENT
HOUSTON, Texas – November 3, 2020 – Houston International Insurance Group, Ltd. (“HIIG” or the “Company”) announced today that the Company is expanding its management liability coverage offerings to include an excess public D&O (Directors and Officers) product. As part of this expansion, the Company has hired Peter Bujosa, a seasoned underwriter 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 deeply experienced private company D&O underwriter has recently joined the team as a Director, Private Company D&O.
Michael Abdulahad, Vice President who leads HIIG’s Executive Liability division commented “We are excited to have Peter on board as we expand our management liability product offering and Nishal join as we accelerate our already strong momentum in private company D&O. With the recent hardening of the public D&O marketplace, it is an opportune time for us to enter the market and achieve our goal of becoming a top-tier management liability carrier.”
Marc Garganigo, SVP and Head of Professional Liability noted, “We are thrilled to launch our public company D&O product and have Peter join the team. This move to expand our management liability offering with the hardening of the public company market is a prime example of HIIG’s nimbleness and ability to quickly and strategically take advantage of market disruptions. The addition of Nishal to our Private Company team strengthens an already outstanding group of underwriting professionals.” Garganigo further noted, “These moves are prime examples of exactly the type of growth and development that we will continue to pursue as HIIG becomes the specialty company where the best customers want to do business and top performers want to work.”
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. These insurance companies are rated A- (Excellent) Financial Category IX by A.M. Best Company. For more information about HIIG, its people and products, please visit www.hiig.com.