OREANDA-NEWS. The industrial lines insurer within the Talanx Group is operating under the name HDI Global SE with immediate effect. With the entry in the Commercial Register the announced renaming of HDI-Gerling Industrie Versicherung AG was successfully completed on 8 January 2016. The conversion to an SE (Societas Europaea = European joint-stock company) had previously been approved by the competent supervisory authority.

"The renaming is an important milestone in our more than 100-year history", Dr Christian Hinsch, Deputy Chairman of the Board of Management of Talanx AG and Chief Executive Officer of HDI Global SE, commented. "Our new name reflects the increasingly international profile of our business. Today we are already generating almost 60 percent of our premium in foreign markets – and the trend is rising."

With immediate effect the company is operating worldwide under the HDI brand. Most primary insurance entities of the Talanx Group in Germany and abroad already use this brand. The letters are the abbreviated form of the earlier name "Haftpflichtverband der deutschen Industrie" (meaning "liability association of German industry").

The Talanx industrial lines insurer now trading as HDI Global SE has increasingly evolved in recent years into a global provider of industrial lines solutions. HDI Global SE handles more than three thousand international insurance programmes worldwide. Its clients include almost all DAX-listed companies and numerous large international corporations. The "HDI Global Network" encompasses the company's own entities as well as partners in more than 130 countries. The premium volume booked by the division in the 2014 financial year totalled roughly EUR 4 billion. HDI Global SE employs more than three thousand staff around the world.

About HDI Global SE

As an industrial lines insurer, HDI Global SE meets the needs of industrial and corporate customers with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company also has operations in more than 130 countries through foreign branch offices, subsidiary and peer companies, and network partners. The company is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks world-wide.

HDI Global SE is a company in the Talanx Group and manages the Industrial Lines Division within the Group. More than three thousand employees in this division generated gross written premiums of approx. EUR 4 billion in the year 2014. The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).