As part of its new group strategy Xcelerate29, corporate & specialty insurer HDI Global (HDI) will implement a new organizational setup and leadership changes in its U.S. business.
HDI Global U.S. named Shadi Albert as the new CEO as of July 13. Most recently, Albert worked for W. R. Berkley Corporation, including as president of Vela Insurance Services. Prior to that, he was president of Berkley Luxury Group. Earlier in his career, Albert served in senior roles at global brokers Aon, Marsh, and WTW, as well as executive leadership positions at U.S.-based insurance companies.
Jim Clark, CEO of HDI Global US, will step down, effective immediately.
Dr. York von Falkenhayn will assume the role of Interim CEO until July 13 to prepare the leadership transition. Dr. von Falkenhayn has been with HDI Global since 2020 and currently serves as head of market management USA. He has played a key role in developing Xcelerate29.
HDI Global US comprises HDI Global Insurance Company, HDI Global Select Insurance Company, and HDI Specialty Insurance Company. All appointments are subject to regulatory approval.
Topics Leadership
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