HDI: Everything you need to know
|
Headquarters address |
HDI Platz 1, Hannover, Lower Saxony 30659, Germany |
|---|---|
|
Year established |
1903 |
| Size (employees) | 4,300+ |
| Gross written premiums | €5,796 million (2022) |
| Expertise | Industrial and commercial property & casualty insurance; multinational insurance products; risk and safety engineering |
| Key people | Edgar Puls (CEO) |
| Financial strength ratings | A+ Stable (S&P), A Positive (A.M. Best) |
About HDI
HDI Global SE is part of the Talanx Group and operates through foreign branches, subsidiaries, affiliates, and network partners in more than 175 countries. It provides a broad range of insurance solutions and services such as cyber, engineering & construction, marine, property & business interruption, and liability insurance.
HDI Risk Consulting GmbH, a subsidiary of HDI Global SE, manages the risk management products on a cross-sectional basis. Meanwhile, engineers and specialists provide companies with loss-prevention support and help them to develop operational risk management systems.
History of HDI
HDI was founded in 1903 and started as a pure liability insurer in Germany as a result of disappointment in the vast difference between premium payments and their benefits.
In 1970, the company merged with Feuerschadenverband rheinisch-westfälischer Zechen, making it the largest German composite insurer.
Over the years, the company has grown to include more than 20 companies in Germany and other countries. In 2003, the Talanx Group emerged from the HGI Group.
In September 2012, HDI and HDI-Gerling merged under the “new old brand” HDI, and Talanx AG went public. In 2016, HDI Global SE started managing the industrial insurance division.
Leadership at HDI
Dr. Edgar Puls – Chief executive officer
Puls joined HDI in 2001 at the Essen office, where he was responsible for property, marine, engineering, and multi-risk products and oversaw the management of the company’s European entities.
In 2019, he became a member of the supervisory board of HDI Systeme AG and the chairman of the board of management of HDI Global SE. He is also a member of the board of management of Talanx AG, where he is responsible for the industrial lines division.
Culture at HDI
HDI believes that complying with the law, taking care of its people and local communities, and providing quality products and services are the key to a successful business.
As a result, HDI established a code of conduct to ensure that its employees remain responsible and ethical. It also provides training events and programmes that allow employees to refresh, expand, and enhance their knowledge of the industry and other compliance-relevant issues.
The company has also established a whistle-blower system that allows employees to report major legal violations anonymously. Once they have reported the offence, the compliance team will take action to contain any damage.
The transaction is part of the IFC's Managed Co-Lending Portfolio Program
Leadership moves reinforce focus on technical excellence and global collaboration
Inflation adjustments and lower loss ratios support profitability
It has also named a successor for the role
