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HDI Global Specialty SE (HDI) has entered the private medical insurance (PMI) market, extending its accident and health (A&H) presence and international PMI (IPMI).
HDI’s move into IPMI is part of its longer-term growth plan designed to diversify its portfolio by product, geographical scope, production, and distribution. It expects its IPMI to make a significant contribution to its A&H portfolio.
As part of the move, HDI has welcomed experienced underwriter Ben Haden to its A&H team.
Haden has over 20 years of A&H experience – including various underwriting roles at AXA, Collinson Group, and most recently Generali Global Health, where
The Swiss Re Institute economists expect global insurance premiums to follow that strong economic growth, increasing by approximately 3.3% in 2021 to a total of US$6.9 trillion. In the same year, they predict key market insurance premium to grow by 6.3% in China, 1.7% in the US, 2.8% in Western Europe, and 5.6% for emerging markets. For 2022, the report forecasts 3.9% insurance premium growth.
“We expect the insurance industry to earn a record US$7 trillion in premium by the end of next year,” said Jerome Haegeli, group chief economist at Swiss Re Institute. “The best preparation for the next
Marsh has launched its newest engineering hub in Al-Khobar, Saudi Arabia, which is being led by Nick Holland (pictured).
This hub is Marsh’s third-such facility in the Middle East and Africa (MEA) region, with the other two located in Abu Dhabi and Dubai. The engineering hubs provide risk and product liability surveys, business interruption reviews, and terrorism and political violence assessments to various energy, power, and commercial property firms operating in the MEA region.
The Al-Khobar hub also provides dedicated local support to organisations in their transition to more sustainable energy sources, in support of Saudi Arabia’s renewable energy goals,