HDI Global has assured clients the business is in a “strong solvency position” to weather the economic turmoil caused by the COVID-19 pandemic.

The business has a solvency II ratio that is comfortably within its target range of 150-200%.

“We are confident and well positioned to weather the recent market volatility,” the Talanx-owned business says in a statement. “Supporting this is our very low share of investments in listed equities and strong investments in A-rated securities.”

Regional Head ASEAN and Australasia MD Stefan Feldmann says the business remains committed to customers in Australia and New Zealand.

“We appreciate that a significant proportion of our clients are undergoing extensive changes and challenges within their respective businesses to adhere to the regulatory requirements in combating the COVID-19 virus,” he said.

“We are proud to see our brokers and clients adapt and innovate in order to continue trading through this fast-changing environment.”