HDI Global Specialty, a wholly owned subsidiary of HDI Global and part of the Talanx Group, has acquired Griffin Highline Capital LLC’s share in managing general agency (MGA) Falcon Risk Holdings LLC.
HDI also provides insurance underwriting capacity to Falcon Risk, which has a focus on underwriting and claims management of financial, professional, and cyber lines of insurance business in the US.
Since inception, Falcon Risk has launched more than 15 products and has established a team of underwriters with expertise across management liability, professional liability, and cyber liability insurance.
Michael Doak, Managing Partner of Griffin Highline, commented on the deal: “We have been delighted to partner with Craig Landi and HDI to build Falcon. We are proud of the team, its expertise and its strong underwriting discipline.
“Falcon is well positioned to continue its strong performance as a HDI platform, and we look forward to our continued partnership with HDI.”
Towards the end of last year, Falcon Risk hired Ted Stefas as Executive Vice President, General Counsel, and Gopika Shah as its Technology Officer.
