HDI Global has announced the global expansion of its environmental liability insurance, now incorporating social and governance coverage to address evolving ESG risks and increasing regulatory demands.
The company aims to roll out this expanded ESG liability product worldwide in 2025, offering comprehensive protection tailored to the ESG needs of clients and brokers internationally.
The insurer’s current environmental liability coverage, available in Italy, Spain, and Portugal, will be extended globally with optional social and governance (S&G) coverages, which HDI Global says makes it the first insurer to offer a full-scale ESG Liability product internationally.
The expanded coverage supports clients in managing costs associated with social risks (S-criteria) and crisis management expenses linked to governance issues (G-criteria). HDI Global’s ESG Risk Solutions Team, a group of 17 experts operating locally and globally, will lead these efforts, with Mark Appleton (pictured above), head of liability global, at the helm.
Appleton reports to Dr Mukadder Erdönmez, a member of HDI Global SE’s executive board. Erdönmez noted that the expansion addresses the growing complexity of ESG-related risks, ensuring clients can focus on their core business activities while remaining compliant with global ESG regulations.
“The ever-changing ESG environment makes it essential for HDI Global to adapt our insurance solutions and enable our clients to keep focus on their core business. Our experts now offer to them compliant worldwide Third & First Party coverage across the broad spectrum of ESG regulation, taking on corresponding risks and acting as a true Partner in Transformation for the global industry,” Erdönmez said.
Operating in over 175 countries, HDI Global manages more than 5,100 international programmes for multinational clients.
With the expansion of its ESG risk solutions team and a broadened insurance offering, HDI Global said that it aims to further establish itself as a multinational provider equipped to meet the dynamic risk management needs of companies worldwide.
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