The latest from HDI Global for you;
HDI Global UK & Ireland (HDI) has received Permission to Underwrite from Lloyd’s for Syndicate 2029, marking a significant step forward in the company’s growth strategy and enabling the syndicate to begin underwriting activities ahead of business incepting on 1 January 2027.
The approval represents the successful completion of the regulatory and operational readiness process following Lloyd’s Approval in Principle earlier this year and confirms that Syndicate 2029 is authorised to operate within the Lloyd’s market. The achievement reflects the strength of HDI’s proposition, underwriting expertise, and long-term commitment to the London market.
Syndicate 2029 will complement HDI’s existing insurance platforms and international capabilities, enhancing access to the company’s specialist underwriting expertise through the Lloyd’s market. The syndicate forms a key part of HDI’s Xcelerate29 growth strategy and further strengthens the organisation’s position in one of the world’s leading insurance and reinsurance marketplaces.
Syndicate 2029 will initially write a portfolio of Specialty and Corporate insurance products through the Lloyd’s market, including Credit and Political Risk, Accident and Health, Political Violence and Terrorism, Fine Art and Specie, Contingency, Financial and Professional Lines, Bloodstock, Mining, Marine Cargo, Cyber, Digital Solutions, Medical Malpractice and Clinical Trials. This portfolio will enable HDI to pursue targeted growth opportunities across established and emerging risk segments.
As Active Underwriter, Louise Radford will oversee the syndicate’s underwriting strategy, risk appetite and regulatory compliance, playing an important role in driving disciplined, sustainable growth across the portfolio. The syndicate will be launched and managed in partnership with PoloWorks, whose infrastructure and Lloyd’s market expertise will support its ongoing operation.
Commenting on the announcement, Radford said: ”Receiving Permission to Underwrite from Lloyd’s is a landmark achievement for HDI Global UK & Ireland and an important step in the delivery of our Xcelerate29 strategy. The products in scope for Syndicate 2029 represent strategic growth areas for HDI, complementing our existing underwriting capabilities and giving clients and brokers greater choice and access to our specialist expertise through the Lloyd’s globally recognised marketplace.”
Dawn Miller, Lloyd’s Chief Commercial Officer and CEO of Lloyd’s Americas, said: ”As one of Europe’s leading commercial insurers, we are pleased to welcome HDI to the Lloyd’s market. Their decision to establish a syndicate is a strong endorsement of the continued appeal of Lloyd’s and Lloyd’s Europe to our customers and partners across the continent and around the world. It demonstrates the value of combining HDI’s scale and expertise with Lloyd’s specialist market, financial strength and international reach.”
Phil Smith, CEO (subject to regulatory approval), Polo Managing Agency, said: “We are delighted to support HDI Global UK & Ireland as Syndicate 2029 receives Permission to Underwrite. This milestone demonstrates the strength of the proposition HDI is bringing to the Lloyd’s market and we look forward to continuing our support for Louise and the wider HDI team once underwriting has commenced, helping Syndicate 2029 deliver its ambitions in the Lloyd’s market.”
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