HDI Global SE steps up to support clients in the fight against COVID-19
As a key insurance partner to the life sciences industry, HDI Global SE (HDI), plays a significant role in providing underwriting capacity to pharmaceutical and medical organisations across the globe. The outbreak of COVID-19 has only amplified our responsibility to ensure clients have the cover they need to develop the equipment, drugs and vaccines the world desperately requires to successfully combat the spread and impact of the virus.
Our client Smith+Nephew have answered the call from the UK Government to assist in the production of OxVent ventilators for use in treating patients suffering from coronavirus.
The OxVent ventilator results from a collaboration of scientists, clinicians and medical technology manufacturers from the University of Oxford, King’s College London and Smith+Nephew. The ventilator has been designed to allow for large scale production.
Whilst this activity falls outside of Smith+Nephew’s usual manufacturing capabilities, as the company’s primary product liability insurer, HDI have agreed to extend their existing cover to include this vital new product line at no extra cost and with no amendment to their original terms, providing full peace of mind that they can undertake this life-saving work without exposing themselves to undue risk.
Whilst a small action on our part, HDI hope that the support and confidence we have shown our clients will be replicated by other insurers, and will demonstrate the vital role the insurance profession plays in supporting innovation in the wider community.
Mark Appleton, Director of Global & Major Risks at HDI Global SE UK & Ireland, said: “The ingenuity and spirit our clients are demonstrating during this time continues to astound us – we are pleased to play a small part in the response to the COVID-19 pandemic and want to thank everyone who is rising to the challenge and confronting this global emergency.”
In doing this, and coming together, we stand a much better chance of defeating the virus and being able to return to life as close to normal as possible, as soon as possible. It really is amazing what you can achieve when you work together.
Authored by HDI Global SE
About HDI Global SE
Companies from the trading, production and service industries need an insurance partner they can rely on.
As part of the Talanx Group, HDI Global SE has been one of the leading insurers offering a broad and needs-based range of insurance solutions and accompanying services for decades.
HDI operates through foreign branches, subsidiaries and affiliates as well as network partners in more than 150 countries, offering international industrial insurance programmes.