HDI Global Insurance Company (HDI Global) has appointed Jim Clark as its CEO, effective 1 January 2020.
Clark, who is currently the company’s chief underwriting officer, will succeed current CEO and president, Lothar Becker.
Becker will continue to serve as deputy chairman of HDI Global USA and chairman of the company’s excess and surplus lines subsidiary, HDI Specialty Insurance Company (HDI Specialty).
Clark, who has been with HDI Global since 2003 and has held a number of leadership positions within the company, brings more than 30 years of underwriting and technology experience within the financial services industry.
As CEO, he will be responsible for the continued growth of HDI Global and HDI Specialty, as well as the company’s growing operations across Canada and Mexico.
Brad Diericx, chief financial officer of HDI Global since 2014, will assume the role of president of the company.
In his expanded role, Diericx will lead the company’s information technology, human resources and operations activities, while maintaining responsibility for the company’s finance function.
Prior to joining HDI Global, Diericx held senior executive roles in merchant banking, consulting and public accounting over his 25-year career in the insurance space.
Jens Wohlthat, chairman of HDI Global USA, said: “We are pleased about the very well planned and executed leadership transition within our organisation. Becker has transformed our initial US liaison office into a sound and very respected insurance carrier and developed our North American Region with growing entities in Canada and Mexico.”
He added: “We thank him for his three decades of leadership and dedication to our group and look forward to working with him in his new role. At the same time, we feel that Jim and Brad have the qualities necessary to lead HDI into its next phase of growth.”