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Houston International Insurance Group Ltd. said Tuesday it has hired a directors and officers liability underwriter from American International Group Inc.
The insurer said it has hired Peter Bujosa as public D&O lead in conjunction with the expansion of its management liability coverage to include an excess public D&O product. Mr. Bujosa will join the company in mid-November and be based in Houston. Maximum capacity for the excess coverage is $5 million, according to a spokeswoman.
In addition to being an underwriter at AIG, Mr. Bujosa has also worked at Alliant Insurance Services Inc.’s management liability division, at both insurers with a focus on public D&O.
Houston International said also it had hired Nishal Patel, formerly of AIG, as a director, private company D&O in December. At AIG, Ms. Patel, who is based in Denver, was general insurance strategic initiatives delivery and operations optimization lead.
Houston International Insurance Group Ltd. has acquired Malvern, Pennsylvania-based Elite Underwriting Services.