Grade: Considerable Exposure to Destructive Companies
HDI Global Insurance is a major international insurer, part of Germany’s Talanx Group, with a presence in over 175 countries and a focus on industrial and commercial clients. While the company markets itself as a reliable, innovative partner for businesses, its global reach and deep involvement in high-risk sectors—such as heavy industry, construction, and energy—mean it plays a significant role in enabling activities with substantial environmental and social impact.
Associated Companies
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HQ
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Market Value
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Investments Managed
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Turnover
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Insurance Products
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|---|---|---|---|---|
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Germany
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$28.4 billion
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$12 billion
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$49 billion
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Business
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Insurance
$
225
million
Fossil Fuel Gross Direct Premiums Written (GDPW) represent the size of Talanx’s (parent company) business with fossil fuel clients in 2023.
Insured by HDI Global
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Gaza Genocide
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Controversial Weapons
BAE Systems is the United Kingdom’s largest arms manufacturer and ranks as the sixth largest globally by revenue. The company is a critical partner in the F-35 Lightning II program and is responsible for approximately 15% of the aircraft’s components. BAE also holds four active military export licences to Israel, issued since 2021.
One of its most controversial products is the M109 howitzer, capable of firing 155mm shells, including white phosphorus rounds and described by BAE as achieving the “optimal balance between lethality… and reliability.”
A United Nations investigation revealed BAE equipment was deployed in a January 2024 bombing in Gaza that struck a building housing international doctors, including a British surgeon. This incident illustrates how UK-produced weapons are being used to target UK civilians.
CASE STUDY: M109 Howitzers Firing White Phosphorus in Gaza
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Insured by HDI Global
- Gaza
Human rights groups, including Amnesty International, have presented evidence that BAE-supplied M109 howitzers were unleashed by Israeli forces in Gaza in October 2023. The howitzers fired white phosphorus shells into densely populated areas of Gaza. This constitutes a flagrant war crime under international law, given white phosphorus’s incendiary nature, which burns at extreme temperatures and causes horrific, life-altering injuries. The British manufacturer’s direct contribution to this arsenal links it to the crime of genocide and breaches of international humanitarian law.
Any time that white phosphorus is used in crowded civilian areas, it poses a high risk of excruciating burns and lifelong suffering,.