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ULLICO Casualty Group Aligns with Hudson Insurance Company to Offer Fiduciary and Union Liability Insurance
Date:2/26/2008

WASHINGTON, Feb. 26 /PRNewswire/ -- ULLICO Casualty Group (ULLICO Casualty) has aligned with Hudson Insurance Company (Hudson) to offer enhanced fiduciary and union liability insurance programs. Hudson is rated "A" (Excellent), financial size category XV (surplus greater than $2 billion) by A.M. Best Company. Hudson is the lead primary insurer of Odyssey Re Holdings Corp., the holding company for one of the world's largest underwriters of property and casualty insurance and reinsurance with shareholder equity in excess of $2.4 billion. ULLICO Casualty's fiduciary program will include higher limits of liability, up to $15 million for multi-employer benefit funds and $5 million for their union liability program for labor unions and their leaders. Both product offerings will also include significant policy enhancements.

ULLICO Casualty is offering the unique blend of "duty to defend" policy forms with choice of counsel selected by the insured. The fiduciary policy also enhances coverage for liabilities imposed under Health Insurance Portability and Accountability Act (HIPAA), the recent Pension Protection Act (PPA), and situations in which trustees face liability for non-fiduciary duties. ULLICO Casualty has enhanced its union liability program, which already provides broad coverage, to now include domestic partner coverage as well as third-party discrimination liability coverage, via endorsement.

"As the risk solutions provider for organized labor and multi-employer benefit plans, we chose to issue our market-leading fiduciary liability insurance policies with Hudson because they are a leading specialty insurance company in the United States," said Daniel Aronowitz, President of ULLICO Casualty Group. "Our alignment with Hudson combines the fiduciary expertise and experience of ULLICO Casualty with the safety and security of the large policyholder surplus of Hudson."

ULLICO Casualty pioneered coverage for the Closing Agreement Penalty progr
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SOURCE ULLICO Casualty Group
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