HDI Global Insurance Company, the U.S. subsidiary of international commercial insurer HDI Global SE, has announced a strategic partnership with Hallmark Financial Services.
The partnership aims to provide capacity and product development support for Hallmark’s General Aviation and Small to Medium-Sized Commercial property and casualty insurance products, according to InsurTech Insights.
Effective June 1, 2024, this multi-year partnership will see HDI Global Insurance Company fronting Hallmark’s commercial business, while HDI Global Select Insurance Company will front its aviation business.
HDI Global Insurance Company is the U.S. subsidiary of HDI Global SE, an international commercial insurer.
With a focus on providing comprehensive insurance solutions, HDI Global Insurance Company aims to strengthen its position in the U.S. market by expanding its product offerings to a growing customer base.
Hallmark Financial Services is a provider of specialty insurance products, focusing on General Aviation and Small to Medium-Sized Commercial property and casualty insurance.
This collaboration with HDI Global Insurance Company signifies a strategic move to enhance its insurance offerings and expand its market presence.
Jim Clark, Chief Executive Officer of HDI Global US, expressed enthusiasm about the partnership, stating, “The partnership fits perfectly into the company’s U.S. strategy. Aligning with Hallmark will allow us to further facilitate the needs of our business partners by making HDI a holistic one-stop shop for their insurance placements.”
Chris Kenney, President, and Chief Executive Officer of Hallmark, echoed this sentiment, commenting, “Our partnership with HDI, AM Best rated A+ (Superior), is a pivotal step in our strategy to grow and diversify both our general aviation business and commercial business. We are thrilled to partner with HDI and look forward to a long and formidable partnership.”
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