Hudson Insurance Group and sister company Crum & Forster have announced a strategic combination of their environmental liability businesses.
Effective May 19, Hudson’s environmental staff and book of business will transfer to Crum & Forster. The combined unit will report to Mark Brown, senior vice president at C&F.
“Folding Hudson’s portfolio into C&F’s gives the combined business greater scale and provides more focus to Fairfax’s groupwide marketing efforts in this specialized field,” says Hudson President and CEO Chris Gallagher.
All in-force Hudson environmental policies will remain in effect, and any new and renewal business underwritten by Hudson staff will continue to be written into Hudson until its policy systems are fully integrated with C&F’s. Once this process is completed, it is expected that as Hudson policies naturally expire they will be renewed into a Crum & Forster company.
Hudson Insurance Group and Crum & Forster Enterprise are both owned by Fairfax Financial Holdings Ltd.
Source: Crum & Forster