HDI Global Boosts Stake in Falcon Risk Holdings

Latest update from HDI Global for you;

HDI Global Specialty (HGS) has successfully completed a transaction regarding managing general agency Falcon Risk Holdings, LLC (Falcon). HDI now holds a majority stake in Falcon. The transaction closed January 10 and underpins HGS’ growth ambitions in the U.S. market.

Falcon, established in June 2021, was formed by HGS, Craig Landi, and investor Griffin Highline (GH) to serve as HGS’ local entry point into the U.S. financial lines market. HGS has now taken over the shares from GH. The parties have not disclosed the purchase price.

Working exclusively for HDI Global Specialty, Falcon is expected to serve as a major growth driver for HGS in the U.S. market. As a full-service MGA (Underwriting and Claims) specializing in the U.S. financial lines segment, Falcon is already actively writing policies in Directors and Officers (D&O) Liability, Professional Indemnity (PI), and Cyber Insurance on behalf of HDI. Falcon writes on both Admitted and Non-Admitted company insurers.

In conjunction with this transaction, HDI Global Insurance Company recently executed the acquisition of Indiana Lumbermens Mutual Insurance Company, a shell company holding insurance licenses and a treasury listing. Both transactions empower HDI Global SE, which is the parent company of both acquiring companies, to promptly venture into the attractive Surety and Fidelity insurance business in the U.S., alongside other future opportunities.

Ralph Beutter, CEO of HDI Global Specialty and board member of HDI Global SE, expresses his enthusiasm regarding the strategic importance of the deal:

“The increased shareholding in Falcon and the acquisition of Indiana Lumbermens align perfectly with our ambitions at HDI Global to expand our presence and deliver superior insurance solutions to clients in the U.S.

We want to drive significant growth in the U.S. specialty market, attract top-tier underwriting talent, and generate profitable organic growth. The recent increase of our stake in Falcon underlines the importance of the agency for these plans in the U.S. and creates the necessary conditions to take advantage of attractive growth opportunities in a fast-growing market.”

Craig Landi, CEO of Falcon, shared his excitement about HDI becoming the major shareholder:

“We are very pleased that HDI has increased its shareholding. This strategic decision will further intensify the already very trusting cooperation and thus forms a strong foundation for the successful expansion of our company in the future. Having such a high-performing global player as HDI on board demonstrates the recognition of Falcon’s potential and the confidence in our capabilities. This partnership will further drive our ambitious growth targets in the U.S. specialty insurance market and will support Falcon’s growth into additional product lines.”