HDI Global Specialty SE appoints Managing Director for its Canada Branch

London, UK (Jan. 14, 2023) – HDI Global Specialty is pleased to announce that Derek Spafford, formerly General Manager and Chief Agent of its Canadian operations, has been promoted to Managing Director and Chief Agent of its Canada branch, effective January 1st.

Spafford has more than 15 years of experience in the insurance industry and has been employed by the Talanx Group since 2011.

Spafford has built a strong team and has led the profitable development of the portfolio, which is expected to continue under his leadership.

Ralph Beutter Chief Executive Officer – HDI Global Speciality SE said: “Derek has led our highly respected team of professionals at the Canada Branch for many years and has successfully and systematically developed our footprint in the Canadian Specialty market. We recognise the further potential that this market has to offer us and using Derek’s extensive network together with his enhanced authority as Managing Director, we see the perfect alignment of decision making at the local level.”

Derek Spafford added: “I am grateful for the trust placed in me to continue building our Specialty insurance business in Canada. We have made great strides in recent years and I am very excited to continue on this journey.”

About HDI Global Specialty

HDI Global Specialty SE is a specialty lines insurer. It is a joint venture of Hannover Re and HDI Global SE, both strong and established players in the insurance and reinsurance market, which are part of the Talanx Group. HDI Global Specialty’s focus is on writing agency and specialty insurance businesswith operations in 9 locations and access to a global network of more than 150 countries through the HDI Global SE network. HDI Global Specialty also enjoys the same financial strength as HDI Global SE.

About HDI Global SE (HDI)

As an industrial lines insurer, HDI Global SE (HDI) meets the needs of SMEs, industrial companies 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 also has operations in more than 150 countries through foreign branch offices, subsidiary and peer companies, and network partners. The company is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks worldwide.

HDI Global SE is a company in the Industrial Lines Division of the Talanx Group. Approximately 3.700 employees in this division generated gross written premiums of approx. EUR 6.7 billion in the year 2020.

The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX. For more information, visit www.hdi-specialty.com.

Forward-Looking Statements

This news release may include forward-looking statements which are based on certain assumptions, expectations, and opinions of the management of Talanx AG and/or HDI Global Specialty SE. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s and/or HDI Global Specialty SE’s control, affect our business activities, business strategy, results, performance, and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance, or achievements of Talanx AG and/or HDI Global Specialty SE may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG and HDI Global Specialty SE do not guarantee that the assumptions under-lying such forward-looking statements are free from errors nor do Talanx AG and/or HDI Global Specialty SE accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG and HDI Global Specialty SE neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

Source: HDI Global Specialty via Full Circle Corporate Communications Ltd.

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