HDI Global looks to AIG for new chief underwriting officer in Switzerland

Industrial lines insurer HDI Global SE has appointed Thomas Stamm as the new chief underwriting officer (CUO) property/Casualty of its Swiss branch.

Stamm joins HDI from AIG in Switzerland, where he held positions as an authorised representative and head of liability & financial lines Northern Europe. Previously, he served as managing director and chief underwriting officer of international casualty at XL Group, and prior to that at Winterthur International Insurance Company.

In his newly-created role at HDI, Stamm will be responsible for the property, casualty, engineering and accident lines of business, as well as the SME and risk consulting divisions. He will also be responsible for managing the strategy for these areas, and in the development of HDI's succession plans.

HDI said that its Swiss branch is launching a second core division of specialty underwriting, alongside its property/casualty division, including products for financial lines, cyber, marine, crisis management and aviation.

Stamm will report directly to Swiss branch manager Michael Rüsch. His appointment is in line with the company's reorganisation plans.

“I am delighted that we have acquired an exceptionally experienced and competent industrial insurance strategist with Thomas Stamm. He contributes more than thirty years of professional experience in underwriting of industrial liability risks for national and multinational companies," said Rüsch.

"He also has proven capabilities to work out strategies for enhancing operational efficiency and profitability, and he has a track record of successful implementation. Thomas Stamm is an ideal asset to complement the management team of the Swiss HDI Branch. I am looking forward to working with him and would like to wish him every success in his future position.”