Hudson Insurance Group (“Hudson”), the U.S. Insurance division of Odyssey Re Holdings Corp. (NYSE: ORH), today announced the opening of two new regional offices, in San Francisco, CA and Chicago, IL, which will provide insurance agents, brokers and their clients with local access to management liability insurance coverage. Both offices will report to James J. Hooghuis, Executive Vice President and Chief Underwriting Officer of Hudson Financial Products.

Paul J. Parello has joined Hudson Financial Products as Vice President, and will oversee underwriting operations in the Chicago office, located at 20 N. Wacker Drive. Mr. Parello has over ten years of experience in underwriting directors and officers liability coverage, most recently with National Union (AIG).

Ryan Kosakura has joined Hudson Financial Products as Vice President, and will be responsible for underwriting operations in the San Francisco office, located at 101 California Street. Mr. Kosakura, a Certified Public Accountant, has over 15 years of related financial and insurance experience, most recently as a Managing Director with Carpenter Moore.

Brian D. Young, Chief Executive Officer of Global Insurance Operations, stated "We are delighted with our recruiting and expansion efforts. The opening of two new Hudson Financial Products offices in these strategically important locations enhances Hudson's ability to service the needs of our clients.”

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 nearly $3 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 and Hudson Crop.

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.