HDI Global, a corporate and specialty insurer, has announced plans to expand its environmental liability insurance to the international market.
This expansion is driven by evolving risk factors and increasing regulatory pressures.
Currently, the environmental liability coverage is available in Italy, Portugal and Spain.
Starting next year, the company plans to supplement its environmental liability coverage with additional optional S&G coverages.
HDI Global stated that this launch positions it as the “first insurer” to offer “full-spectrum”, customised environmental, social and governance (ESG) liability coverage to clients and brokers worldwide.
This ESG product aims to support clients in their transformation efforts by safeguarding against costs incurred from realised risks in the social criteria and crisis management costs within the governance criteria.
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By GlobalDataThe services are offered by a dedicated ESG Risk Solutions Team comprising 17 members operating globally and locally in respective markets.
The team is led by Mark Appleton, head of liability global, who reports directly to Mukadder Erdönmez, a member of the HDI Global SE executive board.
Erdönmez said: “We are pioneering these solutions for our clients and broker partners to meet the heightened demands of both an evolving risk landscape and accelerating regulatory pressures. The ever-changing ESG environment makes it essential for HDI Global to adapt our insurance solutions and enable our clients to keep focus on their core business.
“Our experts now offer to them compliant worldwide third and first party coverage across the broad spectrum of ESG regulation, taking on corresponding risks and acting as a true partner in transformation for the global industry.”
Earlier this month, HDI Global named Stefan Pasternak as its new chief financial officer (CFO), effective from 1 April 2025.
The current CFO of HDI Global, Christian Hermelingmeier, is set to assume the role of CFO at Hannover Re on the same date.