HDI Global Insurance Company Expands Life Sciences Coverage

HDI Global Insurance Company's New Initiative in Life Sciences

In a significant move, HDI Global Insurance Company has recently launched an excess Life Sciences Liability policy, aimed specifically at addressing the nuanced needs within the life sciences sector. With the ability to offer up to $10 million in capacity, this newly enhanced insurance solution targets various customers across the biotechnology and medical device industries.

What Does the New Policy Cover?

This comprehensive policy provides customers with tailored coverage that caters to specific risks associated with the life sciences field. Some of the target classes that will benefit from this coverage include, but are not limited to, biotechnology firms, specialty pharmaceutical manufacturers, non-invasive and invasive medical device manufacturers, and blood plasma firms. Additionally, contract manufacturers and contract development manufacturing organizations will find this policy particularly beneficial.

Commitment to the Life Sciences Sector

Marco Hensel, the Chief Underwriting Officer at HDI Global Insurance Company, emphasized the company's dedication to offering personalized solutions in this high-demand industry. "HDI is committed to providing our insureds with bespoke solutions within the life sciences segment," Hensel stated. This initiative represents HDI's ongoing strategy to grow within the region, ensuring that it serves as a true Partner in Transformation for clients navigating the rapidly evolving medical landscape.

Leadership in the New Division

To spearhead this initiative, Brian Carlsen has been appointed as the Assistant Vice President and the new US Life Science Lead. Bringing along 16 years of extensive underwriting experience, Brian's background is heavily rooted in life sciences placements. Before joining HDI, he served as an Underwriting Manager for a Fortune 500 carrier, providing him with a robust foundation for this new role. Brian is also an alumnus of Fairfield University.

Supporting Growth in the Industry

Dani Maurer, the Head of HDI's Liability Global Risk Division, expressed enthusiasm about Brian's onboarding. "HDI is excited to have Brian join our US casualty team," Maurer remarked. "His extensive experience with firms, ranging from small startups to large multinationals, will significantly contribute to our growth and product line expansion in the US market."

Further Information and Resources

For those interested in learning more about HDI's enhanced life sciences offerings, additional details can be found on their official website. This new product not only highlights HDI's commitment to the insurance needs of the life sciences sector, but also reinforces their position as a global leader in the insurance industry.

About HDI Global SE

HDI Global SE is recognized as a commercial and specialty lines insurer catering to SMEs, industrial companies, and corporate clients. With deep roots in the European market, HDI has an expansive global reach that encompasses more than 175 countries through its branches and partner networks. They offer insurance solutions uniquely tailored to meet the specific needs of their clients.

In the US, HDI operates through three fully owned subsidiaries, providing comprehensive insurance solutions to ensure all clients have access to tailored coverage. This includes HDI Global Insurance Company, HDI Global Select Insurance Company, and HDI Specialty Insurance Company, showcasing HDI's diverse portfolio.

With a deep commitment to customer service, HDI leads over 5,000 international programs, helping multinational clients secure compliant coverage worldwide. As part of the Talanx Group, HDI has been a reliable insurer for several decades, achieving impressive revenue figures in recent years and achieving an A+/stable financial strength rating from Standard & Poor’s.

Frequently Asked Questions

What is the new excess Life Sciences Liability policy?

This policy provides tailored insurance coverage for businesses in the life sciences sector, offering protection against specific industry risks.

Who will benefit from HDI's new policy?

Biotechnology firms, pharmaceutical manufacturers, medical device producers, and contract manufacturers are among the sectors targeted by this policy.

What is HDI Global Insurance Company's mission?

HDI aims to develop bespoke solutions to meet the changing and complex needs of customers, particularly within the life sciences industry.

Who is responsible for leading the new life sciences division?

Brian Carlsen has been appointed as the US Life Science Lead, leveraging his extensive experience in the field.

Where can I find more information about HDI's services?

More details can be found on HDI’s official website, including comprehensive information about their life sciences product offerings.

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