HDI Global Specialty
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Former HDI finance chief Jungsthöfel will be replaced by Christian Hermelingmeier.
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The Talanx-owned insurer backs MGA’s cyber team.
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The former Aon facultative placing broker is joined by motor risk engineer Dron Kyle.
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The move follows the launch of a political and credit risk team in London with Neon hires.
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Mukadder Erdönmez will oversee the industrial lines carrier’s liability division and Andreas Luberichs the German division.
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The newly launched London team will collaborate with peer line specialists in Stockholm.
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The executive has worked at AIG South Africa in a number of roles since 2009.
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The company notes that only 1% of assets under management are listed equities.
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Oliver Davies joins on 16 March and will report to distribution director Stephanie Ogden.
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The investment is part of a “seven-figure” seed round.
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The executive previously led the insurer’s general aviation portfolio.
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Berlin-based firm was incubated by Hannover Re.