HDI Global opens new branch in Portugal
HDI Global SE continues to expand internationally and has now received regulatory approval to open another branch on the Iberian Peninsula. As one of the world's leading industrial insurers, HDI Global has been operating in the Portuguese market for more than two decades under freedom of services. The new branch office in the capital, Lisbon, comes as a natural evolution of that business and will complement the existing customer and broker platform in Iberia, allowing HDI Global to move closer to its Portuguese customers.
HDI Global plans to start its activity locally at the beginning of 2024 and is currently assembling its local team that will focus on providing tailored innovative insurance products and services to the local market. The search for new staff with extensive market expertise is already underway.
HDI Global's extensive portfolio of solutions will be replicated in Portugal and will include state-of-the-art insurance for property damage and business interruption, Casualty, Energy and Construction, Marine, Cyber, and Specialty Lines. It will also bring access to HDI Global´s International Programme network and its Captive Fronting and Alternative Risk Transfer capabilities. With more than 120 years of experience in insuring medium and large industrial and service companies, HDI Global is confident that this new branch will rapidly become a reference in this segment locally.
Nuno Antunes, current Iberia Head of Client Strategy and Portugal Country Manager, will lead the new branch as Managing Director. Nuno is a well-respected insurance senior executive with a career spanning more than two decades in the UK, France, Spain, and Portugal.
Nuno already has clear ideas for HDI Global's positioning in the Portuguese market moving forward: "Our focus will be on offering our clients and business partners innovative solutions, capital strength, stability, technical expertise, and reliable service – regardless of whether they operate internationally or solely in Portugal. Thanks to our global network, we enable Portuguese clients and brokers to operate worldwide in a compliant manner. We can closely support them as a reliable partner wherever they do business. Exciting times are ahead for HDI Global. Insurance specialists interested in working in a fun and dynamic team should get in touch.
“We have been operating successfully in Portugal for more than 20 years. Opening a branch office in Lisbon is the logical progression of our successful business development, our market analysis, and our ambition to be the partner in transformation for our clients. On the one hand, we want to underline our strong commitment to Portugal and the entire Iberian Peninsula. On the other hand, we are much better accessible to our clients with personal contacts in the region. I wish Nuno and the entire team at the Lisbon site every success."
"The Iberian Peninsula and Latin America have long been a natural economic space, given its common languages, culture, and historical links. Therefore, it is a natural step for us to continue growing and getting closer to our clients here. We are committed to providing outstanding and efficient insurance solutions to both our clients and broker partners in Spain and Portugal."
About HDI Global SE (HDI)
As a Corporate & Specialty lines insurer, HDI Global SE (HDI) meets the needs of SMEs, industrial companies, middle market and corporate customers with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners. Acting as the Partner in Transformation, HDI Global SE leads roughly 5,300 International Programmes and offers its multinational customers compliant coverage worldwide.
HDI Global SE is the Corporate & Specialty Division of the Talanx Group and has been a leading insurer for several decades. More than 5,000 employees in this division generated insurance revenue (gross) of approx. EUR 10.0 billion in the year 2024 (according to IFRS 17).
The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of AA-/stable (very strong) and AM Best has assigned the rating of A+ (superior). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX.
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