HDI Global Specialty eyes new area of foreign market

It swoops for a senior executive for the move

HDI Global Specialty eyes new area of foreign market

Insurance News

By Paul Lucas

Already well-established in multiple markets around the world, HDI Global Specialty has now set its sights on conquering the fine art and high net worth sector in Germany.

The company has brought in Dr Alexander Wiebe (pictured) from AXA as head of fine art and lifestyle, continental Europe, and managing director of HDI Global Specialty Underwriting Agency.

“Alexander has an enviable track record in the insurance industry in general and in fine art and high net worth insurance in particular,” said HDI Global Specialty CEO Ralph Beutter. “Having spent five years on the board of AXA ART, his experience will no doubt prove invaluable as we establish ourselves as a significant player in the German market. The new team will complement the existing fine art underwriting operations in London, headed up by Nick Brett.”

Wiebe has more than 20 years’ experience in the market and will assist the business as it launches all-risks cover for art and collectors’ items. In particular, they will target galleries, museums and private customers; while in the medium term, the fine art team will supplement its art and lifestyle insurance with additional services.

“I am looking forward to using my years of experience and market knowledge in building a new team here in Cologne. HDI Global Specialty has made significant progress since its launch at the start of 2019, and I look forward to playing my part in its continued growth and success,” said Dr Wiebe.

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