Hudson Insurance Group is a market-leading specialty insurer that operates in the United States and oﬀers a wide range of property and casualty products to corporations, professional ﬁrms and individuals through a vast network of retail and wholesale brokers and program administrators.
From its headquarters in New York and oﬃces across the U.S. and in Vancouver, Canada, Hudson oﬀers primary and excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Company.
Its nine business units include Commercial Auto, Crop, Financial Products, General Liability & Package, Healthcare Liability, Non-medical Professional Liability, Specialty Property & Energy, Surety and Tribal.
Hudson’s strength was again evident in 2019. We recorded $1.7 billion in gross premiums written, which represents an increase of 18.9% compared to gross premiums written of $1.4 billion in 2018. Growth was most notable within the Crop, Management Liability, Commercial Auto and Non-medical Professional Liability business units.
Our 2019 underwriting performance was positive, and we produced a net combined ratio of 96.4% compared to 99.5% in 2018. Current year extraordinary losses in Crop were primarily a result of extended and intense rainfall, which prevented Hudson’s insureds from planting crops.
However, we beneﬁted from favorable prior year development in many lines including Professional Liability, Healthcare and Tribal.
In 2019, we established a new Specialty Auto Liability team, launched a new Professional Liability program for Architects & Engineers and added a team of best-in-class underwriters targeting E&S general liability for contractors and projects. Hudson also acquired Surety Partners of America Midwest, our long-term and valued program administrator, which will consolidate Hudson’s contract surety underwriting capabilities on an in-house basis. Our reputation and relationships across industries will only continue to strengthen our market position.
Our agility within changing market conditions and innovation in developing specialty insurance products continue to prove valuable year after year. With the ever-changing needs of our clients as our driving force, we are very excited for the future and are well-positioned to capitalize on the opportunities and improved conditions that exist in today’s market.
Christopher L. Gallagher
Chief Executive Officer
Hudson Insurance Group