Jason Tyng has been appointed to the newly create role of Lead of US Captive Solutions at HDI Global.
Tyng’s appointment comes in line with HDI’s plan to further expand its international footprint for its Captive Solutions business.
Overall, Tyng brings more than 15 years of sales and leadership experience across the commercial insurance industry, towards the role.
He joins HDI Global from Amazon, where he recently served as Head of Construction Risk, handling placements of both international and domestic programs.
Dr Thomas Kuhnt, member of the board of HDI Global SE responsible for Captive services, commented on the appointment: “While in Europe we are already a leading Captive player, building up our presence in the U.S. with Jason is part of our global growth strategy. For us, it is crucial to stay close to our clients and build on local expertise to understand their needs. We can then help our clients in finding the most suitable traditional or non-traditional solutions for risks that the classical insurance market struggles to cover.”
Within the last three years, HDI Global’s Captive Services has achieved major success, with a Compound Annual Growth Rate (CAGR) of ceded premiums to Captives averaging 26%.
Additionally, the industrial insurer offers a holistic approach to Captives. Through its international network, it provides local policy issuance, ensuring global compliance.
Tyng, added: “As a Captive partner, our goal is to provide holistic, longterm management across multiple lines of business – be it Property, Liability, Marine or Cyber. Our clients often conduct international business. With us, they have the knowledge and confidence to choose a risk management team that will work with them to find the best solution that fits their organization in the long term.”
