CHICAGO--(BUSINESS WIRE)--HDI Global Insurance Company, the US subsidiary of international commercial insurer, HDI Global SE (HDI), today announced the expansion of its executive leadership team with the appointment of Kashif Syed as Chief Information and Transformation Officer (CITO).
In this newly developed role, Kashif will lead the strategy and direction of HDI’s business transformation US technology operations, infrastructure, application development and cyber security. He will be based out of the company’s US headquarters in Chicago, IL and will report into Jim Clark, Chief Executive Officer, HDI Global Insurance Company.
“Kashif is a proven leader who brings more than 25 years of business and IT insurance consulting experience in the P&C insurance sector,” said Clark. “He has helped organizations transform operating models across the insurance value chain, including a focus in the underwriting, claims and premium finance functions. I am confident that Kashif will help transform our business including the advancement of our IT landscape and position our US operations for future success.”
Kashif joins HDI from Synpulse USA, where he most recently served as Associate Partner and was responsible in leading and supporting client delivery, practice management and sales activities across the Americas insurance practice. In his new CITO role at HDI, he will collaborate with HDI’s global and local leadership towards steering, driving, and delivering on strategic objectives. “It is an honor to serve as chief information and transformation officer,” states Kashif. “This is an exciting time for the company as we look to modernize our technology landscape and transform towards an operating model that supports our growth journey. I look forward to building on the foundation of a strong team with a history of delivering excellence."
Kashif earned both his Bachelor of Business Administration (BBA) and Master of Business Administration (MBA) from Emory University.
About HDI Global SE (HDI)
As a commercial and specialty lines insurer, HDI meets the needs of SMEs, industrial companies, middle market, 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 has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners.
In the United States, HDI operates through its three (3) wholly owned subsidiaries, HDI Global Insurance Company, a commercial property and casualty insurer headquartered in Chicago, IL and licensed in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands, HDI Global Select Insurance Company, a commercial property and casualty insurer licensed in Washington D.C., and in all US states with the exception of Rhode Island, and HDI Specialty Insurance Company, an Illinois domestic surplus lines insurer who provides both primary and excess coverage to specialized industries and is also authorized to write business nationwide.
Acting as a Partner in Transformation, HDI leads more than 5,000 International Programmes and offers its multinational customers compliant coverage worldwide. HDI is the Industrial Lines Division of the Talanx Group and has been a leading insurer for several decades. Approximately 5,000 employees in this division generated insurance revenue (gross) of approx. EUR 9.1 billion in the year 2023 (according to IFRS 17).
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 Ex-change in the MDAX.
Disclaimer
This news release may include forward-looking statements which are based on certain assumptions, expectations and opinions of the management of Talanx AG and HDI Global SE. 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 and HDI Global SE’s control, affect our 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 and HDI Global SE may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG and HDI Global SE do not guarantee that the assumptions underlying such forward-looking statements are free from errors nor do Talanx AG and HDI Global SE accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG and HDI Global SE neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
