‘Growing role’ for Australia as HDI Global makes gains
HDI Global Australia says the outlook for the rest of this year is positive following growth initiatives in the first half.
More than 230 international programs are now written from Australia and the business has expanded its specialty offering in areas such as environmental impairment liability and film and production liability, Asia-Pacific head and Australia MD Stefan Feldmann says.
HDI Global says it has also strengthened its Asia-Pacific presence, including in New Zealand and with the opening of a representative office in Seoul.
“Together, these developments reinforce Australia’s growing role as a hub for multinational and specialty expertise, reflecting our commitment to supporting clients as they navigate evolving risks and transformation,” Mr Feldmann said.
Worldwide, HDI Global’s first-half insurance revenue was stable at €5 billion ($8.2 billion), reflecting currency impacts and more cautious new business underwriting. The insurance service result rose 8% to €465 million ($759 million).
Natural catastrophe losses remained below budget in the period, and significant man-made losses continued across all industries.
“HDI Global Australia is poised to accelerate growth in international programs, specialty lines, captive solutions and renewable energy,” Mr Feldmann said.
“We want to be recognised as a reliable, long-term partner in transformation, helping clients manage climate-related challenges, international growth and the energy transition with confidence.”
HDI Global is part of Germany-based Talanx, which recently released group first-half results.