HDI Global SE: Talanx industrial lines insurer now operating under a new name

TORONTO - Jan. 22, 2016 - PRLog -- HDI Global SE Canada Branch

The industrial lines insurer within the Talanx Group is operating under the name HDI Global SE with immediate effect. With the entry in the Commercial Register the announced renaming of HDI-Gerling Industrie Versicherung AG was successfully completed on 8 January 2016. The conversion to an SE (Societas Europaea = European joint-stock company) had previously been approved by the competent supervisory authority.

"The renaming is an important milestone in our more than 100-year history", Dr Christian Hinsch, Deputy Chairman of the Board of Management of Talanx AG and Chief Executive Officer of HDI Global SE, commented. "Our new name reflects the increasingly international profile of our business. Today we are already generating almost 60 percent of our premium in foreign markets – and the trend is rising."

With immediate effect the company is operating worldwide under the HDI brand. Most primary insurance entities of the Talanx Group in Germany and abroad already use this brand. The letters are the abbreviated form of the earlier name "Haftpflichtverband der deutschen Industrie" (meaning "liability association of German industry").

"The rebranding as HDI will help our company broaden its scope on our local market", comments Klaus Navarrete, managing director of HDI in Canada. "The new name HDI Global SE is considerably easier to use for our Canadian customers than the former name. Furthermore, the legal status of an SE reflects our company’s international alignment much better than the previous legal form of a German public limited company. We are therefore very pleased about this rebranding," adds Klaus Navarrete. The Canadian website and the legal name change in Canada will be implemented in the first quarter.

In the context of the renaming the company has also comprehensively updated its corporate website and all international microsites. The new web address of HDI Global SE is: www.hdi.global. Customers and brokers will find that the contents provided here are specially tailored to individual target groups. This new information platform is equally accessible via PC or mobile device.

The industrial lines insurer now trading as HDI Global SE has increasingly evolved in recent years into a global provider of industrial lines solutions. HDI Global SE handles more than three thousand international insurance programmes worldwide. Its clients include almost all DAX-listed companies and numerous large international corporations. The "HDI Global Network" encompasses the company's own entities as well as partners in more than 130 countries. The premium volume booked by the division in the 2014 financial year totalled roughly EUR 4 billion. HDI Global SE employs more than three thousand staff around the world.

About HDI Global SE

As an industrial lines insurer, HDI Global SE meets the needs of industrial and corporate customers 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 also has operations in more than 130 countries through foreign branch offices, subsidiary and peer companies, and network partners. The company is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks world-wide. HDI Global SE is a company in the Talanx Group and manages the Industrial Lines Division within the Group. More than three thousand employees in this division generated gross written premiums of approx. EUR 4 billion in the year 2014. The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).

For additional information please go to www.hdi.global.

For media enquiries please contact:

HDI Global SE Canada Branch

Jenny Lieu

Tel.: (+1) 416 368 5833

Email: jenny.lieu@hdi.global

Disclaimer

This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. 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 control, affect Talanx AG’s 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 may vary materially from those expressed or implied in the relevant forward-looking statement.

Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.