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.
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The executives join as representatives of the Lloyd’s Market Association and International Underwriting Association.
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Graham Silton will move from his current position as manager for liability and cyber in Asia Pacific.
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Sutcliffe steps into the role vacated by Jon Bartlett, who retired at the end of 2023.
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The executive joined the group five years ago.
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Sutcliffe will succeed Jon Bartlett, who is set to retire.
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The company has been operating in the country under freedom of services for two decades.
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Insurance revenues rose by 10% to EUR4.2bn, the carrier has reported.
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The carrier has appointed Antonia Osborn as director of underwriter and Philip Smith as its new lead cyber underwriter.
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The underwriter has spent 10 years in Singapore, mainly in broking.
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The largest single loss event in the quarter was the Turkey and Syria earthquake, which cost EUR15mn.
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GWP rose by 17.9% to EUR8.9bn, with premium income now almost double 2018 levels.
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The underwriter joined the company in 2020 amid hard market conditions.
