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HDI Global Specialty enters Marine Hull and Machinery market

The move will see HDI Global Speciality provide coverage for vessel owners, managers, charterers and financiers

HDI Global Specialty SE has entered the Marine Hull and Machinery London market through the addition of underwriter Michelle Boyd.

Boyd brings with over 20 years’ insurance market experience, covering both broking and underwriting roles. She joins the specialty lines insurer from AXA XL, where she was senior marine and hull underwriter.

The move will see HDI Global Speciality provide coverage for vessel owners, managers, charterers and financiers and includes freight and total loss interests, shipbuilding and conversion risks, loss of earnings and war risks for physical loss or damage and collision liability.

It comes less than a week since the news that HDI Global acquired Hannover Re’s 49.8% stake in HDI Global Specialty, taking its share up to 100%.

HDI Global Specialty SE UK managing director, Richard Taylor, said: “The London marine market remains one of the key global centres for marine insurance and market conditions remain upbeat. Bringing Michelle in has enabled us to continue our growth strategy and add to our specialty lines portfolio.”

Boyd added: “HDI Global Specialty takes a long-term approach to clients and broker partnerships and has a strong reputation in the market. I’m looking forward to leading their London market move into Marine Hull and Machinery insurance.”

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