HIIG enters public D&O to take advantage of market hardening

Houston International Insurance Group (HIIG) has expanded its management liability offerings with the hardening of the public directors and officers (D&O) market.

As part of the expansion, the company has hired 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, an 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, added: “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.

“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.”