Jason Tyng has joined HDI Global in the newly created role of lead of US Captive Solutions at the multinational industrial insurer.
HDI Global, which already has strong captive expertise in Europe, said that the appointment was in response to the importance of the American market to its captive solutions business.
Tyng joins HDI Global from Amazon, where he recently served as head of construction risk, handling placements of both international and domestic programs, and brings more than than 15 years of sales and leadership experience in commercial insurance.
“As a Captive partner, our goal is to provide holistic, long- term management across multiple lines of business, be it property, liability, marine or cyber,” Tyng said.
“Our clients often conduct international business. With us, they have the knowledge and confidence to choose a risk management team that will work with them to find the best solution that fits their organization in the long term.”
HDI Global’s Captive Services, in the last three years, has had a Compound Annual Growth Rate (CAGR) of ceded premiums to captives averaging 26%.
Dr Thomas Kuhnt, member of the board of HDI Global SE responsible for Captive services, said: “While in Europe we are already a leading captive player, building up our presence in the US with Jason is part of our global growth strategy.
“For us, it is crucial to stay close to our clients and build on local expertise to understand their needs. We can then help our clients in finding the most suitable traditional or non-traditional solutions for risks that the classical insurance market struggles to cover.”