HDI Global sees growth opportunities in the Australian mid-market segment this year following the branch’s strong contribution to the international group’s result.

Asia-Pacific head and Australia MD Stefan Feldmann says the insurer last year introduced a regional cyber product and a power and energy hub encompassing renewables construction and operation, plus upstream and downstream oil and gas.

“For 2025, we see substantial growth opportunities in the mid-market space, which we perceive to be under-represented for HDI,” Mr Feldmann said of the Australian business.

“In addition, we expect to see an uplift in our international programs as the world continues to globalise.”

Worldwide, HDI Global, the corporate and specialty division of Talanx Group, reported stronger revenue and earnings last year, driven by new business growth and inflation-related price adjustments.

Insurance revenue rose 10% to €10 billion ($17 billion) and the insurance service result increased to €1 billion ($1.7 billion) from €770 million ($1.3 billion).

The combined operating ratio improved to 90% from 91.5%.

Large loss payments rose to €402 million ($687 million) from €334 million ($571 million) but were below a budgeted €468 million ($800 million) due to lower man-made-losses.

The natural catastrophe budget was exceeded amid a trend for rising losses.

HDI Global’s contribution to Germany-based Talanx’s net income increased to €501 million ($856 million) from €351 million ($600 million).