Hudson Insurance Group Announces Expansion of its Financial Products Unit

Hudson Insurance Group (“Hudson”), the U.S. Insurance division of Odyssey Re Holdings Corp. (NYSE:ORH), today announced the opening of a Mid-Atlantic regional office, which will provide insurance agents, brokers and their clients with local access to management liability insurance coverage. Based in Philadelphia, this new office will be managed by Lou Grandrino, who will report to James J. Hooghuis, Executive Vice President and Chief Underwriting Officer of Hudson Financial Products.

Christopher L. Gallagher, Chief Executive Officer of Hudson Insurance Group stated, “We are excited to announce this new initiative, and are pleased that Lou Grandrino will be leading our regional team. Lou recently joined Hudson as Vice President, and is a well regarded, highly seasoned management liability professional."

Hudson Insurance Group is the U.S. Insurance division of Odyssey Re Holdings Corp. ("OdysseyRe"), a leading worldwide underwriter of property and casualty reinsurance and specialty insurance with $3.2 billion in policyholders' surplus. Hudson Insurance Group provides admitted and non-admitted insurance, predominantly through Hudson Insurance Company and Hudson Specialty Insurance Company, both rated "A" (Excellent) XV by A.M. Best Company. Hudson Insurance Group specializes in primary and excess insurance coverages through Hudson Programs, Hudson Healthcare, Hudson Financial Products, Hudson Environmental, Hudson Crop and Clearwater Marine.

OdysseyRe is traded on the NYSE under the symbol "ORH," and operates through its subsidiaries Odyssey America Reinsurance Corporation, Hudson Insurance Company, Hudson Specialty Insurance Company, Clearwater Insurance Company, Newline Underwriting Management Limited, Newline Asia Services Pte. Ltd. and Newline Insurance Company Limited. The Company underwrites through offices in the United States, London, Paris, Singapore, Toronto and Mexico City.

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