HDI Global (HDI) has announced it is resetting the strategy of its liability line and will expand its management team outside of Germany so that its international customers can be closer to the head offices and provide additional support.
Mark Appleton, currently director global and major risks at HDI Global – UK and Ireland, and Thomas Stamm, currently chief underwriting officer at HDI Global in Switzerland will extend the central management of liability underwriting.
The internationalisation of the liability line is reportedly an “expression and consequence” of the globalisation trajectory that HDI has been pursuing successfully for many years.
Dr Mukadder Erdönmez, member of the HDI Global SE executive board, said: “HDI’s Liability Line forms the nucleus of the entire Talanx Group to which we belong.
“More than 100 years ago, representatives of the German iron and steel industry founded the Haftpflichtverband der Deutschen Industrie as a mutual liability insurance association, so that the insurer could offer the representatives liability cover at attractive conditions.”
He added: “Today, this still remains our function. We carry this out wherever our customers are. This used to be primarily in Germany. Today, our customers have locations throughout the world. We want to be there as well. That’s why we are expanding the management team of this traditional line and putting it on an international footing.”
While Thomas Stamm will take over management of the European liability portfolio (excluding UK & Ireland) of HDI Global in his new role, Mark Appleton will be responsible for managing the liability portfolio outside of Europe ( including UK & Ireland).
The firm stated that they will remain at their current locations in Zürich and London respectively, and in future they will report directly to Erdönmez.
Claire McDonald, managing director HDI UK & Ireland, commented: “Mark has known the international world of industrial liability insurance for more than thirty years and he is outstandingly networked in the London market. I’m delighted that he is making another career step in the HDI Group. This is an important signal for HDI and for our customers.”