HDI Global Specialty has entered the private medical insurance (PMI) and international IPMI markets and has appointed underwriter Ben Haden from Generali to launch the operation.
The firm, which is a joint venture of Hannover Re and HDI Global, said the move into international PMI was part of a longer term growth plan designed to diversify its portfolio by product, geographical scope, production and distribution.
HDI said the PMI and IPMI cover is available across the spectrum of insured lives, from individuals through to multinational corporations, and can be placed through brokers or directly with agents.
Haden joins with more than 20 years’ accident and health (A&H) experience, including various underwriting roles at Axa, Collinson Group and most recently Generali Global Health, where he was responsible for the Italian insurer’s global IPMI portfolio.
The insurer added that it expects IPMI will make a significant contribution to its A&H portfolio.
A&H underwriting manager Kieran Morrin said: “HDI Global Specialty is on a path of significant controlled growth, and our accident and health line is a key part of this.
“Ben has an excellent reputation in the IPMI market and his appointment is another step of our planned expansion.”
Haden added: “I’m pleased to be joining HDI Global Specialty’s A&H team, especially at a time when it’s looking to grow its footprint in the market.”