HDI Global UK & Ireland (HDI) has significantly expanded its presence in the London energy and electricity insurance market.
The move is in line with the company’s long-term strategy to establish itself in the sector and builds on the recent appointment of Matthew Bond as head of energy and power.
HDI explained that the expansion is also part of a wider strategy to enhance HDI’s coordinated energy and power offerings in key centers such as London, Singapore, Dubai and Houston.
Under the strategy, London will serve as a central pillar of the strategy, reflecting its position as the world’s leading energy insurance market. HDI is also actively investing in underwriting, claims and risk engineering capabilities in London.
The company also recently hired Dave Wilson as global head of energy claims, while moving experienced underwriters from within the HDI Group, including Ferhat Aclan from Hannover.
Additionally, HDI is in the advanced stages of recruiting for a number of roles within the Energy & Power team.
The expanded London team will support a comprehensive energy and power proposition, covering upstream, midstream and downstream energy, conventional and renewable energy generation and associated construction risks.
Matthew Bond, head of energy and power UK and Ireland at HDI Global, commented: “We are integrating HDI’s longstanding global energy and power expertise into a more visible and accessible London platform.
“Our goal is to be a meaningful, long-term partner in the transformation process – by investing in underwriting, claims and risk engineering, we are building a proposition that goes beyond capabilities to deliver real value to brokers and clients.”
Simon Hunt, interim CEO UK and Ireland at HDI Global, added: “Expanding our energy and power business in London is a key strategic priority for HDI. Our investment in talent and capabilities demonstrates our commitment to supporting brokers with high-quality market-leading capabilities and technical expertise.”
