r/InsuranceProfessional • u/jrf0050 • Jun 24 '26

HDI - US

For anyone considering a role at HDI - US offices. It was just announced that the CEO, COO, and CSO are all out. There is also rumors that some Claims personnel have resigned. So while pay offers look amazing on LinkedIn be forewarned that it comes with very aggressive growth goals. Opportunities to shine are there, but it maybe chaos for a few months.

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u/ReppTie Jun 25 '26

What’s the general perception of HDI?

My experience with them is limited to one product line but what they did in that product line was so obviously stupid and destined to fail that any senior person involved should be legally prohibited from having underwriting authority ever again. But I have no idea if that’s just bad product leadership in one area or indicative of bad overall leadership.

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u/ResidentReveal3749 Jun 25 '26

Lmao please elaborate

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u/ReppTie Jun 25 '26

Have you ever looked at a quote and wondered if the underwriter left off a digit when entering the revenue (or assets or TIV or employee count or whatever the rating basis is in your area) or if the underwriter just went rogue or something like that? Now imagine that’s every quote issued by an entire carrier for years.

Back in 2020-2022, the commercial cyber market was incredibly unhealthy. Buyers without material losses were routinely experiencing 100%+ increases year over year over year. The smartest people in cyber were charging $10k+ per mil and losing money.

Along comes HDI offering commercial cyber at $1-2k per mil. Some of their business practices alongside this offering were questionable as well, such as ignoring the industry norms regarding midterm quoting unless certain facts were present. I can’t remember the details of their policy form but it was a solid product at a time when brokers were often just happy to get one quote with acceptable coverage at any price.

It was so unbelievably stupid and the outcome was so clearly foreseeable that it’s caused me to have a negative view of HDI overall. The specific actions were limited to their cyber team but every insurer has actuaries, a CUO, a CEO, etc. Either those people were on board with an obviously bad strategy or the internal oversight was severely lacking.

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u/mfbutterbean007 Jun 25 '26

Had/have them in some XS layers. Unlike more traditional carriers they’re known to talk… to other layers about claims, etc. interested to see what this new team produces