Corporate and specialty insurer HDI Global SE has reported positive financial results for the full year of 2024 with growth in both revenue and earnings. The main drivers for this encouraging trend were the growth in new business and inflation-related price adjustments.
In Singapore, HDI Global’s branch focussed on service and growth, offering its comprehensive product range as a one-stop shop to Singaporean clients. The branch contributed to the positive overall result
“In 2024, HDI Global Singapore’s commitment to being a partner in transformation has been exemplified through our strategic expansion and innovation in our offerings”, said HDI Global Singapore managing director and principal officer Alex Tarantino.
“We continued our growth in Singapore and the wider APAC region by establishing our energy hub, with which we continue to serve our clients as their reliable partner as we see more uptake in the energy transition to renewable energy. The favourable development was also bolstered by launching new products like political risk or the successful opening of our new Dubai office in the Dubai International Financial Centre to be closer to our clients.”
Added Mr Tarantino, “In political risk we already saw satisfactory growth which will be further reinforced by our new AA- financial strength rating. Besides new products, HDI Global has also been successful with its International Programme capabilities in the APAC region. By now handling 30 International Programmes, we support clients entering the APAC region with innovative insurance solutions that guarantee full compliance with local regulations.”