HDI Global celebrates 30 years in Hong Kong
HDI Global is marking 30 years in Hong Kong. Established in 1996 as a small local underwriting office, the company said that its operation there has developed into an important regional hub, reflecting both the growth of HDI Global Hong Kong (HDI) and the profound industrial transformation of North Asia over the past three decades.
HDI said that during that time, the region has evolved from a predominantly traditional manufacturing base into a global centre for increasingly complex industries, including semiconductors, batteries, electric vehicles and renewable energy. This transformation has fundamentally changed the risks companies face and the expertise they require from insurers.
“Thirty years is an important milestone for us, but even more important is how our clients and their businesses have evolved over that period,” said Michael Ahn, chief executive of HDI Global Hong Kong. “The industries we insure today are more technologically advanced, their supply chains are more interconnected and their businesses are increasingly international. Our role has evolved alongside them.”
For HDI, this development has increased the importance of combining underwriting expertise with risk engineering and prevention. Its wider proposition includes risk analyses and access to engineers and specialists to help clients identify and mitigate risks before losses occur.
At the same time, the role of HDI Hong Kong has expanded well beyond serving the local insurance market. Today, it acts as HDI Global’s regional hub for multinational programmes in Asia Pacific, connecting expertise in the region with a global network covering more than 200 countries and territories.
This role is becoming increasingly relevant as more Asian-headquartered companies expand internationally. HDI Global has identified growing demand in Asia Pacific from companies requiring globally coordinated insurance solutions as they enter new markets. The company currently leads around 5,400 Multinational Programmes worldwide.
“North Asia is a strategically important market for HDI Global, and our 30-year presence in Hong Kong demonstrates the long-term approach we take to building our business,” said David Hullin, Member of the HDI Global Executive Board. “We see attractive opportunities across the region as companies become more international and their risks more complex. Our ambition is to combine strong regional capabilities with our global network to serve clients across Asia as their businesses and risk landscapes continue to evolve.”
“We are seeing increasingly ambitious companies from North Asia building international businesses,” Ahn added. “They need an insurer that understands where they come from but can also support them as they enter new markets. Our position in Hong Kong allows us to combine local underwriting and engineering expertise with HDI Global’s international network.”
For HDI Global, the anniversary is also a starting point for its next phase of growth in North Asia. The company recently strengthened its leadership in Hong Kong with appointments across Property, Marine and Distribution, reinforcing its capabilities in key areas and supporting its ambition to take a leading role in more programmes across the region.
“Our first 30 years in Hong Kong have provided us with a strong foundation,” Ahn concluded. “We believe there is significant potential ahead as industries across North Asia continue to transform and more companies expand internationally. We want to grow alongside them and be their reliable long-term Partner in Transformation.”
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