Toronto, 8 February 2021

ARAG Canada and HDI Global Specialty SE are pleased to announce a multi-year partnership that will see HDI Global Specialty become ARAG’s new insurance carrier for its legal expense insurance (LEI) products in the Canadian market. 

The two companies already have existing LEI partnerships in Europe and Australia. HDI Global Specialty is rated “A” by AM Best and “A+” by Standard & Poor’s and provides ARAG Canada with increased local underwriting capacity. The partnership commenced on 1st January.

“We are very excited about this new partnership,” said Barbara Haynes, CEO ARAG Services Corporation. “This move further shows our commitment to our broker partners and their clients. They will continue to experience the same level of excellent service they have come to expect with ARAG.” 

Commenting on the announcement, Derek Spafford, General Manager & Chief Agent for HDI Global Specialty said: “We are pleased to be partnering with ARAG in Canada. Their reputation is well founded and I’m confident the new extended partnership will offer a compelling proposition to Canadian brokers and the market.’’
All existing policies will be unaffected until their expiring date at which point HDI Global Specialty will become the new insurer on those policies.

“This expanded but local partnership should support our desire to provide rapid response and increased local underwriting capacity to our business partners,” added Haynes. “It’s a win-win for our partners, their clients and ARAG.”

About HDI Global Specialty SE

Following approval by the supervisory authorities, HDI Global Specialty rolled-out operational activities on 1 January 2019.

HDI Global Specialty SE is a joint venture of Hannover Re and HDI Global SE, both being strong and established players in the insurance and reinsurance market. Combining the specialty activities of the Talanx Group into HDI Global Specialty SE, is an excellent platform for putting together cross-business segment expertise and network reach writing agency and specialty insurance business in lines including such as errors & omissions liability insurance, directors’ and officers’ liability insurance (D&O), legal expenses insurance, sports and entertainment, aviation, offshore energy and animal insurance.

Specialist local teams are highly qualified to give quick responses and informed support to the client’s local operations, specifically their special, unusual or difficult insurance needs.

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About HDI Global SE

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 150 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 worldwide.
HDI Global SE is a company in the Talanx Group’s Industrial Lines Division. Approx. 3,700 employees in this division generated gross written premiums of approx. EUR 6.2 billion in the year 2019. 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 SDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).
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About ARAG:

ARAG Canada is part of the ARAG Group, the largest family-owned enterprise in the German insurance industry. Active in 19 countries, including the USA and Australia, ARAG holds a leading position as provider of legal insurance and legal services in numerous markets. With more than 4,300 employees, ARAG generates revenue and premium income totalling 1.8 Billion Euro.

About Hannover Re

Hannover Re, with gross premium of more than EUR 22 billion in 2019, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 3,300 staff. Established in 1966, the Hannover Re Group today has a network of more than 140 subsidiaries, branches and representative offices worldwide. The Group's German business is written by the subsidiary E+S Rück. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA-"Very Strong" and A.M. Best A+ "Superior".


This news release may include forward-looking statements which are based on certain assumptions, expectations and opinions of the management of Talanx AG and/or HDI Global Specialty SE. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s and/or HDI Global Specialty SE’s control, affect our business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG and/or HDI Global Specialty SE may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG and HDI Global Specialty SE do not guarantee that the assumptions under-lying such forward-looking statements are free from errors nor do Talanx AG and/or HDI Global Specialty SE accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG and HDI Global Specialty SE neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.