Latest news with #HGIC
Yahoo
29-03-2025
- Business
- Yahoo
HDI Global Insurance taps Guidewire for policy administration
HDI Global Insurance Company (HGIC), the US unit of HDI Global, has chosen Guidewire PolicyCenter as its new policy administration and underwriting platform. The upgrade to PolicyCenter will be executed on Guidewire Cloud, starting with the general liability business line. Ernst & Young (EY US), a member of the Guidewire PartnerConnect Consulting Global Strategic programme, will spearhead the deployment. HGIC chief underwriting officer Marco Hensel said: 'We selected PolicyCenter on Guidewire Cloud because Guidewire has the modern, resilient, scalable and secure platform and market leadership, cloud and product maturity, and track record of successful implementation projects that we were looking for. PolicyCenter will impact our combined ratio over time through better, smarter underwriting, while reducing cost through increased efficiencies.' HGIC chief information and transformation officer Kashif Syed stated: 'Guidewire's advanced technology platform will empower HDI U.S. to streamline policy management processes, enabling us to deliver faster and more accurate services to our clients. With Guidewire handling system maintenance, we can stay current on their technology and shift our resources to tasks that will deliver value to our employees, brokers and policyholders.' In 2024, HDI Global generated insurance revenues of €10bn ($10.78bn), up 10% from a year ago. The company's operating profit for the year was €702m, an increase from €446m recorded in the previous year. Last month, Amerisure Insurance also deployed Guidewire PolicyCenter, along with BillingCenter, on Guidewire Cloud, with PwC serving as the lead partner in the implementation. "HDI Global Insurance taps Guidewire for policy administration " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
HDI Global Insurance taps Guidewire for policy administration
HDI Global Insurance Company (HGIC), the US unit of HDI Global, has chosen Guidewire PolicyCenter as its new policy administration and underwriting platform. The upgrade to PolicyCenter will be executed on Guidewire Cloud, starting with the general liability business line. Ernst & Young (EY US), a member of the Guidewire PartnerConnect Consulting Global Strategic programme, will spearhead the deployment. HGIC chief underwriting officer Marco Hensel said: 'We selected PolicyCenter on Guidewire Cloud because Guidewire has the modern, resilient, scalable and secure platform and market leadership, cloud and product maturity, and track record of successful implementation projects that we were looking for. PolicyCenter will impact our combined ratio over time through better, smarter underwriting, while reducing cost through increased efficiencies.' HGIC chief information and transformation officer Kashif Syed stated: 'Guidewire's advanced technology platform will empower HDI U.S. to streamline policy management processes, enabling us to deliver faster and more accurate services to our clients. With Guidewire handling system maintenance, we can stay current on their technology and shift our resources to tasks that will deliver value to our employees, brokers and policyholders.' In 2024, HDI Global generated insurance revenues of €10bn ($10.78bn), up 10% from a year ago. The company's operating profit for the year was €702m, an increase from €446m recorded in the previous year. Last month, Amerisure Insurance also deployed Guidewire PolicyCenter, along with BillingCenter, on Guidewire Cloud, with PwC serving as the lead partner in the implementation. "HDI Global Insurance taps Guidewire for policy administration " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
HDI Global Insurance Company Selects Guidewire for Policy Administration and Underwriting
Corporate & Specialty insurer, HDI Global selects Guidewire PolicyCenter on Guidewire Cloud to enhance operational efficiency, improve customer experience, facilitate scalability, and leverage data-driven insights CHICAGO & SAN MATEO, Calif., March 27, 2025--(BUSINESS WIRE)--HDI Global Insurance Company (HGIC), the U.S. subsidiary of international Corporate & Specialty insurer, HDI Global SE (HDI), and Guidewire (NYSE: GWRE) announced that HGIC selected Guidewire PolicyCenter as its new system for policy administration and underwriting. The company will implement PolicyCenter on Guidewire Cloud by line of business, beginning with general liability. HGIC selected Guidewire PartnerConnect Consulting Global Strategic member Ernst & Young LLP (EY US) to lead the implementation project. "We selected PolicyCenter on Guidewire Cloud because Guidewire has the modern, resilient, scalable, and secure platform and market leadership, cloud and product maturity, and track record of successful implementation projects that we were looking for," said HGIC Chief Underwriting Officer Marco Hensel. "PolicyCenter will impact our combined ratio over time through better, smarter underwriting, while reducing cost through increased efficiencies." HGIC Chief Information and Transformation Officer (CITO) Kashif Syed added, "HDI is committed to innovation and excellence in the insurance sector. Our partnership with Guidewire aligns with our strategic vision to be a leader in the insurance market through innovative solutions and act as our clients preferred Partner in Transformation. As the industry continues to evolve, leveraging cutting-edge technology is essential for maintaining a competitive edge. Guidewire's advanced technology platform will empower HDI U.S. to streamline policy management processes, enabling us to deliver faster and more accurate services to our clients. With Guidewire handling system maintenance, we can stay current on their technology and shift our resources to tasks that will deliver value to our employees, brokers, and policyholders." "We are honored that HDI and Guidewire have entrusted us with implementing PolicyCenter on Guidewire Cloud," said Ernst & Young LLP Technology Consulting Partner Vandana Sule. "We look forward to supporting both companies as HDI begins its cloud journey." "We thank HDI for its confidence in Guidewire and our cloud platform," commented Guidewire Chief Commercial Officer David Laker. "We are pleased to work with HDI to help it continue serving as a partner to its brokers and policyholders with innovative and proven solutions; to create real value and to maintain it." About HDI Global SE (HDI) Corporate & Specialty Insurer HDI Global SE (HDI) meets the needs of SMEs, larger companies, middle market and corporate clients 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 has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners. In the United States, HDI operates through its three (3) wholly owned subsidiaries, HDI Global Insurance Company, a commercial property and casualty insurer headquartered in Chicago, IL and licensed in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands, HDI Global Select Insurance Company, a commercial property and casualty insurer licensed in Washington D.C., and in all US states, and HDI Specialty Insurance Company, an Illinois domestic surplus lines insurer which provides both primary and excess coverage to specialized industries and is also authorized to write business nationwide. Acting as the Partner in Transformation, HDI Global SE leads more than 5,100 International Programs and offers its multinational client's compliant coverage worldwide. HDI Global SE is the Corporate & Specialty Division of the Talanx Group and has been a leading insurer for several decades. Approximately 5,000 employees in this division generated insurance revenue (gross) of approx. EUR 9.1 billion in the year 2023 (according to IFRS 17). The rating agency Standard & Poor's has given the Talanx Primary Group a financial strength rating of AA-/stable (very strong), and AM Best has assigned the A+ Rating. Talanx AG is listed on the Frankfurt Stock Exchange in the more information, please visit About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire's trademarks, visit View source version on Contacts Albert LinPublic Relations ManagerGuidewire Software, Inc.+1.415.205.4214allin@ George ContoravdisBusiness Development ManagerHDI Global Insurance Dr Frederic StrohmMedia Relations, HDI Global and Talanx Group+49 511 3747
Yahoo
12-03-2025
- Business
- Yahoo
HDI Global U.S. Enhances its Casualty Underwriting Leadership Structure with New Appointments
CHICAGO, March 12, 2025--(BUSINESS WIRE)--HDI Global Insurance Company (HGIC) today announced a new leadership structure for its US casualty operations to strengthen its position across retail and wholesale markets. Ed Wu joins as Vice President and US Casualty Lead, with Thomas Long serving as Vice President and Admitted Casualty Lead. In announcing these changes, Marco Hensel, Chief Underwriting Officer at HGIC, notes: "This enhanced structure positions us to better serve our clients and broker partners. Ed's extensive experience in both retail and wholesale markets, combined with Tom's proven expertise in admitted casualty, creates an exceptional leadership team that will drive our next phase of growth." With an insurance career spanning 35+ years, Long has held a wide variety of senior underwriting and leadership positions and has extensive experience in both the traditional and alternative risk market sectors. He will be based out of the company's US headquarters in Chicago, IL and will report into Wu. Supporting this strategic realignment, Long emphasizes the enhanced value for clients: "By bringing together our retail and wholesale capabilities under unified leadership, we can deliver more innovative solutions that address the evolving challenges our clients face in today's dynamic risk environment. This ultimately strengthens our position as a true Partner in Transformation." The appointment of Wu brings nearly three decades of commercial casualty experience to HGIC, with deep expertise in both primary and excess markets. His proven track record includes successfully leading nationwide teams and driving portfolio growth while maintaining strong underwriting discipline. His comprehensive background spans multiple industry sectors, including manufacturing, services, retail/wholesale trade, and hospitality, with particular strength in construction, E&S lines, national accounts, and middle market business. "Our realigned organization ensures coordinated delivery of casualty solutions while maintaining specialized focus on each distribution channel," says Wu. "I look forward to working with our talented team to expand our market presence and deliver innovative solutions to our clients and trading partners." Wu holds an MBA from St. John's University and a BS from the University of Southern California, complemented by ARM and CRIS designations and a P&C broker's license. Based in Las Vegas, NV he will report to Hensel and oversee HGIC's casualty underwriting. About HDI Global SE (HDI) Corporate & Specialty Insurer HDI Global SE (HDI) meets the needs of SMEs, larger companies, middle market and corporate clients 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 has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners. In the United States, HDI operates through its three (3) wholly owned subsidiaries, HDI Global Insurance Company, a commercial property and casualty insurer headquartered in Chicago, IL and licensed in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands, HDI Global Select Insurance Company, a commercial property and casualty insurer licensed in Washington D.C., and in all US states, and HDI Specialty Insurance Company, an Illinois domestic surplus lines insurer which provides both primary and excess coverage to specialized industries and is also authorized to write business nationwide. Acting as the Partner in Transformation, HDI Global SE leads more than 5,100 International Programmes and offers its multinational client's compliant coverage worldwide. HDI Global SE is the Corporate & Specialty Division of the Talanx Group and has been a leading insurer for several decades. Approximately 5,000 employees in this division generated insurance revenue (gross) of approx. EUR 9.1 billion in the year 2023 (according to IFRS 17). The rating agency Standard & Poor's has given the Talanx Primary Group a financial strength rating of AA-/stable (strong), and AM Best has assigned the A+ Rating. Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX. Disclaimer This news release may include forward-looking statements which are based on certain assumptions, expectations and opinions of the management of Talanx AG and HDI Global SE. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG's and HDI Global SE's control, affect our business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG and HDI Global SE may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG and HDI Global SE do not guarantee that the assumptions underlying such forward-looking statements are free from errors nor do Talanx AG and HDI Global SE accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG and HDI Global SE neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. View source version on Contacts For media enquiries please contact:George ContoravdisTel: +1 312 589 6752E-Mail: Dr Frederic StrohmTel.: +49 511 3747 2117E-Mail: Christoph Boßmeyer-HortschTel.: +49 511 6455 9515E-Mail: Sign in to access your portfolio
