Captive solutions expert HDI Global SE offers high-quality services to SBF 120 companies

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1 Captive solutions expert HDI Global SE offers high-quality services to SBF 120 companies HDI Global SE France Tour Opus 12 La Défense 9 77 Esplanade du Général de Gaulle Paris La Défense Cedex A "captive" company is a complex tool at the service of the parent company's balance sheet HDI offers captive protection solutions to turn the captive into a powerful tool for the competitiveness of the parent company T: F: M: veronique.perottino@hdi.global Paris, November 27 th, 2017 Captives are a complex tool A captive is subject to regulatory requirements further strengthened by the European Solvency II Directive. Most SBF 120 companies have such a self-insurance company and most of the risk managers are involved in their management. However, this vehicle can be complex to manage and requires the company to master all aspects. HDI Global SE France manages over twenty programs for major customers with the involvement of their captive in The industrial insurer has a dedicated team in France that supports risk managers to administrate and benefit from this vehicle. Captive protection offers from HDI A captive is an excellent internal risk management tool, potentially facing the same issues as an insurance company: - Global balance between long and short tail risks - Accumulation risks - Volatility risks - Capital requirements - Capital requirements resulting from Solvency II HDI s Captive Protect offer are tools meant for managing the balance sheet of the SBF 120 companies, with the following objectives: - Deal with frequency losses - Handle the risks of accumulation and/or severity 1/6

2 - Decrease the needs of a captive vehicle with its own funds - Optimize the insurance budget / balance sheet protection of your vehicle The overall aim is to allow the company to optimize its retentions and the necessary capacities. Thanks to tailor-made services, HDI provides innovative protection solutions for the captive vehicle: - Protection on a single product line or multi-line protection - Buyback Exclusion - Multiannual strategy HDI's approach evolves around HDI France's product lines: affinity business, damage and financial losses, liability, motor, marine, engineering, accident and health insurance, political risks. HDI's captive protection cover responds to the captive's underlying risk position, risk appetite and financial strength of the captive vehicle. Les solutions HDI s «Captive Protect» Client management: every major customer has a dedicated Client Director in charge of understanding the individual protection needs and coordinating any actions. Underwriting: HDI s underwriters assist in defining terms and conditions (coverages, pricing) applicable to a given risk. International Program Team: HDI s international program managers are involved from the start in any international program study through HDI's integrated network involving more than 130 countries. Legal and Tax Compliance: HDI is very attentive to the quality of the solutions put in place involving a captive and provides dedicated experts in Paris. Modeling: HDI s actuaries team studies the solutions to be provided (technical and financial vision) on the risks themselves and at the captive level on existing portfolios and in a multi-year development perspective. Local credit committee: for solutions resulting in a reinsurance agreement from HDI to a captive company, a Credit Committee based in Paris is responsible for handling the counterparty risk taken by HDI on the captive. Solid links with asset management companies: a dedicated team handles reinsurance transfer documentation at the Captive and monitors all transactions within it. 2/6

3 HDI benefits from a dedicated captive team with unique skills on the French market: Etienne de Varax is the Offer & Services Director, ART (Alternative Risk Transfert) of HDI Global SE. Expert in solutions for insurance or reinsurance vehicles, he works in close collaboration with the legal, tax and actuarial departments to develop unique and tailor-made solutions. He relies on a dedicated captive team: Jean-Michel Vautrin: Jean-Michel is Technical and Administrative Director in charge of the actuarial. He intervenes on the structural and financial analysis of the captives and their protection solutions. Alexandra Pavinato: Alexandra is Legal and Tax Director of HDI Global SE in France. She also deals with HDI headquarters regarding any Compliance issue. She has a tax lawyer background and is involved from the beginning of the study in any HDI France solution involving a captive. Aude Perrin: Aude is responsible within the Legal and Tax Department for programs involving a Captive company. From their development to their daily monitoring with the management companies in all their different components: underwriting, compensation, dashboards... Aude has a rich Captive s experience acquired both in insurance companies as in brokerage firms. 3/6

4 Additional information Sharing our balance-sheet and our expertise to protect the client s balance-sheet and its ability to do business 4/6

5 Captive company: a great tool for risk management purposes Risks identification / risk assessment / cartography Is the risk insurable / can an insurance contract be issued What are the options to protect that risk: transfer to the market or retention? Benefits Control, monitoring and flexibility of the insurance policy of the company Common coverages offered to all the entities of the group Scale savings Emerging risks and non-transferable risks to the market Risks for which the market has very low appetite Insurance linked securities and access to financial market Aim Improve financial management and competitiveness of the company Benefits from a tool offering multiply opportunities About HDI Global SE (HDI) As an industrial lines insurer, HDI Global SE (HDI) meets the needs of SMEs, industrial companies and corporate customers with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company also has operations in more than 130 countries through foreign branch offices, subsidiary and peer companies, and network partners. The company is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks world-wide. HDI Global SE is a company in the Talanx Group and manages the Industrial Lines Division within the Group. More than three thousand employees in this division generated gross written premiums of approx. EUR 4.3 billion in the year The rating agency Standard & Poor s has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX). You can find additional information by going to and by going to For media enquiries please contact: Véronique Perottino Tel.: /6

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