HDI Global SE is to open a new branch in Lisbon, Portugal. The expansion will complement the company’s existing customer and broker platform in Iberia.
HDI Global's 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 to the country.
Nuno Antunes, current head of client strategy for Iberia and Portugal country manager, will lead the new branch as managing director. Antunes is an insurance senior executive with a career spanning more than two decades.
The firm plans to start its activity locally at the beginning of 2024 and is currently assembling its local team.
Commenting on the opening, David Hullin, member of the HDI Global board of management, says: “We have been operating successfully in Portugal for more than 20 years [under freedom of services]. Opening a branch office in Lisbon is the logical progression of our successful business development.”
