Great Lakes Reinsurance (UK) PLC: About us I Munich Re

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Great Lakes Reinsurance (UK) - Munich Re

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Great Lakes Reinsurance (UK) PLC

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About us

Restructuring of Great Lakes (UK) PLC

Great Lakes UK has launched a restructuring project as a further step in our ongoing activities to maintain and strengthen our competitive market position. Our headquarters will move to Munich for closer integration into group functions and consolidation of our core specialty primary insurance expertise. A strong branch will remain in London to maintain existing relationships and stay aligned with our customers.
As a legal entity, Great Lakes UK (PLC) will become a Societas Europaea (SE) from Q2 2015 onward. As of Q4 2016, Great Lakes SE will be re-domiciled to Germany, meaning our headquarters and some management functions will be in Munich. This is an internal change in our corporate setup and we anticipate minimal change for clients – in most cases, the only outward sign will be a new letterhead showing the changed legal form and a new headquarters address.

Advisory

Great Lakes Reinsurance (UK) PLC entered into an Agency Agreement with a Belgian Agent, DCMi-U, which ran from 26 January 2011 until 20 April 2011. Whilst we have honoured all legitimate claims arising from our association with DCMi-U, we will not be responsible for claims arising from policies which incepted after the termination of the Agreement. DCMi-U have no authority to represent Great Lakes in any way.

Great Lakes Reinsurance (UK) PLC is based in London and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

We are an integral part of Munich Re, often used as a Special Purpose Vehicle and supporting a gross written premium income of roughly £1.9bn in 2011.

We are a specialist provider of insurance services and act as the preferred facilitator of insurance business for the group Munich Re outside the US and Canada.

We are authorised to transact all classes of Insurance and Reinsurance (except Life) in the UK and throughout the European Union via the Freedom Of Services Directive.

We have permanent establishments in Switzerland (Zurich), Italy (Milan), Australia (Sydney), New Zealand (Auckland) and Ireland.

As a wholly owned subsidiary of the group Munich Re, we enjoy the Munich Re rating:
AA- (Very strong) by S&P and A+ (Superior) by A.M. Best.

Approximately 90 employees offer the full range of insurance services, covering the whole value chain of an insurer from premium accounting to claims management.


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