HDI Global Specialty enters marine hull and machinery market

HDI Global Speciality has recruited senior underwriter Michelle Boyd to lead its entry into the marine hull and machinery London market. The firm will offer cover for vessel owners, managers, charterers and financiers that includes freight and total loss interests, shipbuilding and conversion risks, loss of earnings and war risks for physical loss or damage and collision liability.

Richard Taylor, UK managing director for HDI Global Specialty, said: “The London marine market remains one of the key global centres for marine insurance and market conditions remain upbeat. Bringing Michelle in has enabled us to continue our growth strategy and add to our specialty lines portfolio.”

Michelle Boyd added: “HDI Global Specialty takes a long-term approach to clients and broker partnerships and has a strong reputation in the market. I’m looking forward to leading their London market move into Marine Hull and Machinery insurance.”

The move follows the recent announcement that HDI Global has bought Hannover Re’s 49.8% stake in HDI Global Specialty, taking its share up to 100%.

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