HDI adds E&S subsidiary to family of companies | Canadian Insurance

HDI adds E&S subsidiary to family of companies

The new platform allows the insurer to bring its European expertise to underserved markets, according to subsidiary president

HDI Global Insurance Company has formed a subsidiary dedicated to excess and surplus lines (E&S).

The subsidiary, HDI Specialty, will allow the industrial lines insurer to develop tailored products for customers with unique risk profiles, according to an announcement released on Friday.

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Both HDI Specialty and HDI Global Insurance Company fall under the family of companies belonging to HDI Global SE, which is based in Germany, and is located in more than 130 countries. Its sole Canadian office is in Toronto.

“This new platform will allow us to bring European expertise and solutions to the underserved alternative energy, private-public partnerships [or P3s], and design-build construction markets,” says Jim Clark, president and chief underwriting officer of HDI Specialty, in a statement.