HDI Global SE expands presence in Portugal with new Lisbon branch

HDI Global SE has now received regulatory approval to open another branch on the Iberian Peninsula, with a new branch office in Lisbon.

HDI Global has been operating in the Portuguese market for more than two decades under freedom of services. The new branch office in Lisbon comes as a natural evolution of that business, the company said, and will complement the existing customer and broker platform in Iberia, allowing HDI Global to move closer to its Portuguese customers.

HDI Global said that it plans to start its activity locally at the beginning of 2024 and is currently assembling its local team that will focus on providing tailored innovative insurance products and services to the local market. The search for new staff with extensive market expertise is already underway.

The company’s portfolio of solutions will be replicated in Portugal and will include insurance for property damage and business interruption, casualty, energy and construction, marine, cyber, and specialty lines. It will also bring access to HDI Global´s International Programme network and its captive fronting and alternative risk transfer capabilities.

Nuno Antunes, current Iberia head of client strategy and Portugal country manager, will lead the new branch as managing director. Nuno is a well-respected insurance senior executive with a career spanning more than two decades in the UK, France, Spain, and Portugal.

Antunes said he has clear ideas for HDI Global's positioning in the Portuguese market moving forward: "Our focus will be on offering our clients and business partners innovative solutions, capital strength, stability, technical expertise, and reliable service – regardless of whether they operate internationally or solely in Portugal. Thanks to our global network, we enable Portuguese clients and brokers to operate worldwide in a compliant manner. We can closely support them as a reliable partner wherever they do business. Exciting times are ahead for HDI Global. Insurance specialists interested in working in a fun and dynamic team should get in touch.”