The news follows HDI Global naming Stefan Pasternak as its new chief financial officer (CFO), effective from 1 April 2025. The current CFO of HDI Global, Christian Hermelingmeier, is set to assume the role of CFO at Hannover Re on the same date. 

The expansion  move is driven by the increasing complexity of environmental risks and regulatory pressures faced by businesses worldwide.

Currently, the environmental liability coverage is available in Italy, Portugal, and Spain.

Starting next year, HDI Global will further enhance its offering by introducing additional optional social and governance (S&G) coverages. This expansion positions the company as the first insurer to provide comprehensive ESG liability coverage, tailored to the specific needs of clients and brokers globally.

The new ESG product is designed to support clients in their sustainability journey by protecting them from potential costs arising from social and governance risks.

A dedicated ESG Risk Solutions Team, comprising 17 experts operating globally, will oversee the delivery of these services. The team is led by Mark Appleton, Head of Liability Global, who reports directly to Mukadder Erdönmez, a member of the HDI Global SE Executive Board.

Erdönmez said: “We are pioneering these solutions for our clients and broker partners to meet the heightened demands of both an evolving risk landscape and accelerating regulatory pressures. The ever-changing ESG environment makes it essential for HDI Global to adapt our insurance solutions and enable our clients to keep focus on their core business.  

“Our experts now offer to them compliant worldwide third and first party coverage across the broad spectrum of ESG regulation, taking on corresponding risks and acting as a true partner in transformation for the global industry.”