Hudson Surety
01. Who We Are
Contents
02. The Hudson Difference
03. Corporate Org Chart
04. Hudson 2023 Financials
05. Hudson Leadership
06. Surety Leadership
07. Underwriting Contacts
(U.S. $ in Millions)
U.S. GAAP Basis
Year eNDED dECEMBER 31, 2021
Year eNDED dECEMBER 31, 2020
Total assets
Total Equity
Gross premium written
Underwriting profit
Operating Income
Net Income
Combined ratio
GROWTH in equity
Debt to Capital Ratio
U.S. Statutory basis
STATUTORY SURPLUS
Net Premiums Written to
$17,050.6
$14,853.1
5,220.3
5,746.3
103.0
268.5
543.7
97.6%
12.4%
0.0%
266.3
260.1
95.8%
4.6%
1.9%
$3,623.8
1.0:1
$4,003.8
4,774.1
4,446.7
1.2:1
149.6
Hudson Insurance Group is a market-leading specialty insurance group that writes business on both an admitted basis through Hudson Insurance Company and a non-admitted basis through Hudson Excess Insurance Company. Headquartered in New York City with offices throughout the U.S. and an office in Vancouver, our talented team of professionals has extensive knowledge and experience that enable us to develop creative, tailored solutions to meet clients’ needs. Our ability to serve clients is also backed by superior underwriting and claims expertise, as well as our impressive A.M. Best rating of “A” (Excellent), Financial Size Category of XV. Hudson Insurance Group has been in the Surety marketplace since 2007, providing a broad variety of Surety bonds in all 50 states. Our group of select agents work closely with our nationwide underwriting teams to understand your business and needs and exceed your expectations.
Who We Are
Hudson Insurance Group is a market-leading specialty insurance group that writes business on both an admitted basis through Hudson Insurance Company and a non-admitted basis through Hudson Excess Insurance Company. Headquartered in New York City with offices throughout the U.S. and an office in Vancouver, our talented team of professionals has extensive knowledge and experience that enable us to develop creative, tailored solutions to meet clients’ needs. Our ability to serve clients is also backed by superior underwriting and claims expertise, as well as our impressive A.M. Best rating of “A+” (Superior), Financial Size Category XV. Hudson Insurance Group has been in the Surety marketplace since 2007, providing a broad variety of Surety bonds in all 50 states. Our group of select agents work closely with our nationwide underwriting teams to understand your business and needs and exceed your expectations.
Andy Dickson
SVP, Head of Surety
The Hudson Difference
Experience
Hudson Surety is comprised of some of the most knowledgeable, experienced and dedicated underwriters in the industry. Rest assured, a competent decision-maker is working for you.
Flexibility
At Hudson, we understand that no two accounts or bonds, are alike and we consistently look for a responsible way to say “Yes.” We are innovative in our approach to business without compromising our standards.
Customer Service
We are dedicated to providing quality service in a timely manner to exceed your expectations.
Think you know Hudson? THINK AGAIN.
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Hudson Surety is comprised of some of the most knowledgeable, experienced and dedicated underwriters in the industry. Rest assured, a competant decision-maker is working for you.
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At Hudson, we understand that no two accounts, or bonds, are alike and we consistently look for a responsible way to say “Yes.” We are innovative in our approach to business, without compromising our standards.
Treasury-listed with a current limitation of $67,989,000 Licensed in all U.S. jurisdictions Rated "A+" (Superior) by A.M. Best, Financial Size Category XV
Standard Contract Surety Specialty Contract Surety Account Commercial Surety Customs Bonds
Construction Service Businesses Professional Businesses Technology Agriculture
What Hudson Surety Offers
Healthcare Public Entities Real Estate Transportation
Product Highlights
Coverages
Target Markets
International Specialty Insurer
GLobal reinsurer
U.S. Specialty Insurer
Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group Holdings, Inc., a leading global provider of reinsurance and specialty insurance. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, a holding company with total assets of $92.0 billion and $21.3 billion in total equity as of December 31, 2023. Fairfax is traded on the Toronto Stock Exchange under the symbol FFH. To learn more about Fairfax, visit fairfax.ca.
Corporate Org Chart
Hudson Insurance Group is a market-leading specialty insurance group that offers a wide range of property and casualty insurance products directly or through select Program Administrators. Business is underwritten on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Excess Insurance Company. Its suite of products includes Casualty, Crop & Livestock, Commerical Auto, Inland Marine & Cargo, Personal Umbrella, Professional & Financial Lines, Property & Energy, Surety & Credit and Specialty Multiline. Hudson is headquartered in New York City and has offices throughout the U.S. and an office in Vancouver, Canada. It is a wholly owned subsidiary of Odyssey Group Holdings, Inc.
$6.8
Hudson Financial Highlights
$2.4
Billion
Gross Premiums Written
Product Breakdown
Year eNDED dECEMBER 31, 2023
Year eNDED dECEMBER 31, 2022
total Assets
Op. Income Before Taxes
Net Premiums Written to Statutory Surplus
$20,960.5
5,963.4
6,586.7
364.6
972.9
982.0
93.9%
19.8%
654.0
165.5
95.9%
4.0%
1.4:1
$4,976.6
5,301.5
6,810.0
229.9
Odyssey Group Holdings, Inc. and its subsidiaries, collectively known as Odyssey Group, is a global, diversified underwriter of reinsurance and specialty insurance. Global reinsurance is provided by OdysseyRe and specialty insurance is underwritten by Hudson Insurance Group in the U.S. and Newline Group internationally. A global enterprise committed to providing local service, Odyssey Group writes business in more than 130 countries through a network of over 30 offices. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, a holding company with total assets of $92.0 billion and $27.7 billion in total equity as of December 31, 2023. Fairfax is traded on the Toronto Stock Exchange under the symbol FFH.
$19,325.9
$4,269.5
U.S. Statutory Basis
$6.6
A.M. Best Financial Size Category XV
A+
Superior
FINANCIAL STRENGTH RATING
Represents income before income taxes excluding net realized investment gains and losses. Excludes the impact on equity of dividends and capital items
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RESULTS
Aesthetics Co-tenants Physical space Ambiance Positioning Placemaking
Science
Demo/psychographics Industry trends Trade area insight Demand Deal Economics
Results
Targeted
Optimal Users & Retailers
Economic Opportunities
Rapid/Accurate
Decision-making
Focused/ effective
Marketing Efforts
Christopher Gallagher
Margaret Kileen
Leslie Shore
President & Chief Executive Officer
Executive Vice President & Chief Claims Officer
Senior Vice President & Chief Actuary
Hudson Leadership
Andrew Dickson
Margaret Elliott
Dave Halper
T: 305 722-8405 Email
Executive Underwriter, Account Commercial Surety
VP, Operations
T: 305 722-8412 Email
T: 312 706-0257 Email
Hudson Surety Leadership
Carmen Carlton
T: 678 331-4226 Email
Head of Surety Operations
Mike May
T: 312 596-0221 Email
Regional Underwriter Manager, Contract Surety
Todd Kramer
John Dooley
Kevin Flood
T: 319 409-7537 Email
T: 319 409-7536 Email
T: 903 327-9023 Email
T: 319 409-7541 Email
William Jacobs
T: 319 409-7543 Email
Standard Contract Surety (Western U.S.)
Hudson Surety Underwriting Contacts
Tony Lekse
Mike Blount
Jim Balzan
Sid Frankel
T: 412 746-0032 Email
T: 908 644-8119 Email
T: 267 886-3244 Email
T: 312 706-0251 Email
Standard Contract Surety (Eastern U.S.)
Jim Carlins
T: 412 746-0026 Email
Dyland Weyand
T: 412 746-0038 Email
ToNY lEKSE
Surety Underwriting Contacts
T: 312 705 0257 Email
DarlenE rEYNOLDS
nUNO gUARDA
Specialty Contract Surety
Account Commercial Surety
T: 818 206-1528 Email
T: 407 710-1899 Email
Kris Yates
T: 818 206-1511 Email
Jessica Fisher
T: 305 722-8409 Email
Blair Holl
T: 319 409-0221 Email
T: 312 706-0258 Email
T: 319 409-7542 Email
Thank you!
100 William Street New York, NY 10038 hudsoninsgroup.com
©2024 Hudson Insurance Group. The information contained in this brochure is for general information only and shall not modify the terms of any insurance policy.
