Germany’s HDI Group Acquires Cyber Specialist Perseus

The HDI Group has acquired Berlin-based Perseus Technologies GmbH, a start-up that has specialized in the prevention of cyber risks and emergency cyber assistance.

The acquisition enables the Hannover-based HDI Group to offer cyber insurance policies and cyber security concepts services from a single source.

The purchase of the company was completed on Feb. 1, 2020.

Perseus will continue to be led by Richard Renner, who has been the Managing Director of Perseus since November 2018. Perseus with the entire workforce of some 35 employees will continue to be based in the Berlin and it will retain its status as an independent brand and provider for existing customers and third-party companies.

The previous shareholders of Perseus were Hannover Rück SE (Hannover Re), also part of the Talanx Group, and finleap, Europe’s leading Fintech ecosystem.

HDI is a major European insurance group that is active in industrial lines and retail insurance. It operates under the umbrella of the Talanx Group, which generates premium income amounting to EUR 34.9 billion (2018) and has a workforce of about 20,000 employees worldwide.