HDI Global SE has announced the appointment of Luka Zdravic as financial lines underwriting manager for Western Australia.
It was described as a strategic move aimed at bolstering the company’s financial lines capabilities across the region.
Based in Perth, Zdravic (pictured) will lead HDI’s financial lines underwriting operations locally, working closely with brokers to enhance service delivery and deepen market reach within Western Australia’s financial lines insurance sector.
Bringing over 20 years of industry experience, he has built a strong track record in financial lines underwriting and portfolio management in Perth’s insurance market.
David Gibbs, HDI Global’s state manager for the Western region, welcomed Zdravic to the team, noting that the new hire’s extensive understanding of financial lines – coupled with his customer focus and strong market presence – makes him a perfect fit for the business.
“I am confident that Luka will continue to build on the strong reputation we already have in the financial lines space and provide a much needed local presence to take our service proposition to a whole new level,” he said.
Jamie Ashby, head of management liability for the Asia-Pacific region, described Zdravic as a valuable addition to the team, noting that his insights and leadership will help drive growth in Western Australia.
Justin Klietz, head of professional lines, also commented that the latest appointment further enhances the strength of HDI’s financial lines team.
“I am confident our broker partners and their clients will benefit immensely from his experience and solution-oriented approach,” he said.
Stefan Feldmann, head of HDI Global Asia-Pacific and managing director for Australia, remarked that Zdravic’s appointment reinforces HDI’s commitment to fostering strong broker relationships in Western Australia.
“With a proven track record and local understanding of the market, Luka will help to grow our portfolio in the Western region while fostering our valuable broker relationships,” he said.
Zdravic joins the team after HDI Global SE reported revenue growth for the first half of 2024, despite catastrophe-related losses, with significant increases in revenue and earnings attributed to new business acquisition and inflation-adjusted pricing
The company’s combined ratio improved to 91.1%, down from 93.1% a year earlier, while total insurance revenue rose from €4.2 billion to €4.8 billion. Operating profit reached €305 million, up from €190 million during the same period in 2023.
