HDI Group snaps up cyber specialist Perseus

Industrial lines insurer HDI Group has acquired Berlin-based cyber specialist firm Perseus Technologies. The purchase was completed on 1 February 2020.

The start-up specialises in the prevention of cyber risks and emergency cyber assistance. It will continue to be led by Richard Renner, who has been the managing director of Perseus since November 2018, and retain its status as an independent brand.

HDI said the acquisition will enable the group to offer cyber insurance policies and cyber security concepts, alongside other services from a single source. Since the beginning of 2019, HDI Versicherung AG and HDI Global SE have been partners of Perseus and they have integrated the services of the company in their cyber protection.

The previous shareholders of Perseus were Hannover Rück SE (Hannover Re), also part of the Talanx Group, and finleap, Europe’s Fintech ecosystem.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

​​​​Argo Group to Sell Trident Public Risk Solutions to Paragon Insurance Holdings
US storms and global floods cause $3bn+ in economic cost during January
ILS Capital's reinsurer Prospero Re assigned financial strength rating by KBRA
ARPC’s 2020 retrocession programme renewed for 2020
Start-up bicycle insurer Laka announces $4.7m funding round
Insurtech Openly expands into Tennessee
Chubb’s CEO Greenberg reports positive momentum in 2019 results

Don't miss our insurtech email newsletter - sign up today