HDI Global SE has received regulatory approval to open a new office in Lisbon, Portugal, with Nuno Antunes, current Iberia Head of Client Strategy and Portugal Country Manager, set to lead the new branch as Managing Director.
As per HDI Global, this announcement comes as a “natural evolution” that will complement the existing customer and broker platform in Iberia, allowing HDI Global to move closer to its Portuguese customers. The firm explained that as one of the world’s leading industrial insurers, it has been operating in the Portuguese market for more than two decades under freedom of services.
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 firm noted its 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.
“With more than 120 years of experience in insuring medium and large industrial and service companies, HDI Global is confident that this new branch will rapidly become a reference in this segment locally,” the firm said.
HDI Global describes Nuno Antunes as a well-respected insurance senior executive with a career spanning more than two decades in the UK, France, Spain, and Portugal.
Commenting on the new position, Antunes said, “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.”
David Hullin, a member of the HDI Global Board of Management with responsibility for the international business, said, “We have been operating successfully in Portugal for more than 20 years. Opening a branch office in Lisbon is the logical progression of our successful business development, our market analysis, and our ambition to be the partner in transformation for our clients.
“On the one hand, we want to underline our strong commitment to Portugal and the entire Iberian Peninsula.
“On the other hand, we are much better accessible to our clients with personal contacts in the region. I wish Nuno and the entire team at the Lisbon site every success.”
Juan Aznar Gáldiz, Managing Director of the Spanish branch, added, “The Iberian Peninsula and Latin America have long been a natural economic space, given its common languages, culture, and historical links.
“Therefore, it is a natural step for us to continue growing and getting closer to our clients here. We are committed to providing outstanding and efficient insurance solutions to both our clients and broker partners in Spain and Portugal.”
