HDI Global SE has appointed Adriana Giometti as its new market manager for Australia, based in Sydney.
Giometti (pictured), with over 15 years of experience in business development and marketing in the insurance sector, will take on the leadership role after starting her career as a lawyer.
Stefan Feldmann, head of HDI Global Asia Pacific and managing director of HDI Global Australia, highlighted Giometti’s experience as a key asset for the company.
“Her expertise and leadership will be invaluable in strengthening our relationships and furthering our commitment to excellence in the market,” he said.
Karina Rodriguez Diaz, head of market management Australasia, noted Giometti’s deep client service experience, emphasising that her skill set aligns with HDI Global’s goal to enhance its major account practice and broker relationships.
“Adriana’s commitment to client service, combined with her extensive and unique experience, will complement our offering to HDI’s major account practice for local and German clients, as well as optimisation of strategic broker and client relationships,” she said.
“I am thrilled to join the HDI market management team which has seen significant growth over the last few years,” Giometti said. “I look forward to working with our HDI teams to deliver outstanding, commercial solutions to our valued brokers and clients.”
Giometti’s appointment comes as HDI Global SE reports significant growth in both revenue and profit.
For the first half of 2024 (H1 2024), the company posted €4.8 billion in insurance revenue, up from €4.2 billion in the same period last year, while operating profit reached €305 million, an increase from €190 million in H1 2023.
Despite the financial growth, HDI Global faced large losses primarily due to natural catastrophe (NatCat) events. However, the company’s combined ratio improved to 91.1%, down from 93.1% in the previous year.
HDI Global’s CEO, Dr Edgar Puls, attributed the results to increased new business and inflation-adjusted pricing, particularly in the property, liability, and specialty sectors.
He underscored the importance of disciplined underwriting and the firm’s partnerships with brokers and clients, which have enabled HDI to navigate a difficult environment.
Large loss payments during the period amounted to €128 million, although this was €86 million below the company’s pro-rata budget.
