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HDI Global improves combined ratio and appoints new US CEO
The insurer’s combined ratio fell to 90.7 percent in the first half of 2026, helped by lower large loss payments and rising insurance service results.
HDI Global reported a stronger first half of 2026, with its combined ratio improving to 90.7 percent from 91.6 percent in the first half of 2025, as large loss payments declined to €92 million from €142 million a year earlier, according to Insurance Business. The company said insurance revenue held broadly stable at €5.0 billion versus €5.1 billion a year earlier. It attributed results mainly to currency effects and disciplined underwriting, while noting the insurance service result rose 8 percent to €465 million from €430 million. HDI Global also reported that natural catastrophe losses were below budget for the first half, though man-made losses stayed elevated across industries. It said large loss payments were €209 million below the pro rata budget, which it said was recognized in full. Separately, HDI Global installed new leadership in the US, with Shadi Albert taking over as chief executive officer in Chicago on July 13, succeeding Jim Clark, who led the US operation for 23 years. Insurance Business said the insurer is expanding its broker-facing capabilities under a four-year growth plan and pointed to a rise in net insurance financial and investment results before currency effects to €169 million from €99 million, driven by higher investment volumes and current interest income.