HDI Global Resets International Strategy for Liability Line, Expands Management Team

HDI Global SE (HDI) is resetting the strategy of its Liability Line and is expanding its management team that reports to Dr. Mukadder Erdönmez, member of the HDI Global SE Executive Board.

Joining the management of the Liability Line (underwriting) are 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. They will extend the central management of liability underwriting, which Ulrich Schulz (strategic steering, governance & risk) and Peter Tillmans (global risks) have belonged to up to now. The latter two will continue to be part of the new management team, which will be completed by Dietmar Illemann (claims). In future, the Liability Line therefore will be steered from Hannover, London and Zurich.

In his new role, Stamm will take over management of the European liability portfolio (excluding UK & Ireland) of HDI Global. Appleton will be responsible for managing the liability portfolio outside of Europe (including UK and Ireland). Both will remain at their current locations in Zurich and London, respectively, and in future they will report directly to the board member responsible for liability, Dr. Mukadder Erdönmez.

HDI Global said the internationalization of the Liability Line is a consequence of the globalization trajectory that the company has been pursuing for many years because a large proportion of HDI’s liability customers are based outside Germany.

“HDI’s Liability Line forms the nucleus of the entire Talanx Group to which we belong. More than one hundred 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,” commented Erdönmez.

“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,” he added.

Mark Appleton will join the liability management team from April 1, while Thomas Stamm joins on March 1.

Source: HDI Global SE (HDI)