100 years of continuity
Since its foundation in 1903, the HDI company has developed from a pure liability
insurer for German industry into an international insurance group.
1903 Dissatisfaction about the dramatic difference between premium
payments and benefits was the reason for establishing the “Haftpflichtverband
der deutschen Eisen- und Stahlindustrie". Six employers' accident insurance associations
and 176 companies in the iron and steel industry decided to create the industry’s
own mutual insurance association.
1924 The Eisen- und Stahl Aktiengesellschaft, which was established
in cooperation with the Gerling Group in 1923, handled reinsurance on behalf of HDI.
This association was originally conceived as a closely associated non-life insurer,
but was transformed step-by-step into a pure reinsurance company.
1952 After the end of the Second World War, the strong link to
the employers' accident insurance associations was severed, in order to be able to
appeal to larger customer groups. With new articles of association in 1952 and the
subsequent restructuring, the liability association opened itself up towards companies
from all industries.
1970 Through the merger with the Feuerschadenverband rheinisch-westfälischer
Zechen, HDI became the largest German composite insurer. In 1976 it was renamed “Haftpflichtverband
der Deutschen Industrie V.a.G“, abbreviated to the familiar HDI. In the years
that followed the Group grew to include more than 20 companies in Germany and abroad.
1990 The Group’s risk-exposed lines of business and strong
growth in reinsurance required the Group to be restructured to ensure more balanced
risk distribution. To this end a balanced mix between industrial, private client and
reinsurance business was introduced and sales focused on promising lines of business.
2003 The Talanx Group emerged from the HDI Group in 2003, championing
greater internationalisation at the beginning of the decade. In 2005 the Gerling Group
was integrated into the Group. In the private and corporate insurance segments, the
HDI and HDI-Gerling brands were combined under the “new old brand” HDI
in September 2012. In the same year Talanx AG successfully went public. The industrial
insurance division has been managed by HDI Global SE since 2016.