HDI Global Specialty
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The pair have expanded remits overseeing property and specialty. -
Tom Potter was global casualty underwriting manager for UK & Lloyd’s at Axa XL.
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The executive will buy reinsurance for HDI and Talanx’s corporate unit.
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He succeeds Felix Cassau, who is joining Hannover Re.
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The combined ratio worsened slightly by 0.5 points to 91.6%.
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This publication reported yesterday that Talanx was closing in on the sale.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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The UK carrier will write business that falls in the scope of the FSCS.
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The carrier’s combined ratio improved by 0.7 points YoY to 91.1%.
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The combined ratio improved 1.5 points to 90%.
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The associate director is exiting the broker’s product recall team after 10 years.
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Alexander Schlei will succeed Carsten Schulte in his former role.
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Hannah Brooke joins the UK and Ireland team from HDI’s Belgium business.
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Parent group Talanx reported a 9M operating profit of EUR3.7bn.
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He succeeds Christian Hermelingmeier, who is set to become Hannover Re’s new CFO.
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She will succeed Dirk Höring, who has been promoted to the HDI Global SE executive board.
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Ralph Beutter, currently the board member responsible for specialty lines, is set to retire in May 2025.
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The improvement was attributed to growth in new business and inflation-related price adjustments.
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Taylor will move into a consultancy role on his retirement later this year.
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The carrier’s combined ratio improved by 1.4 points YoY to 91.8%.
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Claire McDonald will leave the carrier as part of the transition.
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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
