HDI Global Specialty SE launched underwriting at the start of 2019 with premium volumes of more than €1 billion, it said Jan. 8.

The company, which is 49.8% owned by Hannover Re and 50.2% by HDI Global SE, will look to grow both organically and inorganically and actively follow its plan of spotting new teams, business portfolios and merger and acquisition opportunities. It will write global specialty lines including accident and health, cyber, energy, aviation, extended warranty, financial and professional lines, legal expense and political risk.

The company also appointed Ralph Beutter its CEO. He was previously CEO of Inter Hannover.

Richard Taylor, formerly U.K. managing director of HDI Global, was named to the new company's executive board as chief marketing officer.

HDI Global and Hannover Re are both units of Talanx AG.