Great Lakes UK becomes a Societas Europaea
Great Lakes has changed its legal form from a Public Limited Company (PLC) to a Societas Europaea (SE). On 28 July 2015, the company was registered as Great Lakes Reinsurance (UK) SE.
Munich. The change in legal form will not have any implications for clients. The company continues to be responsible for all of its existing policies and the claims management. Great Lakes Reinsurance (UK) SE retains all of its current licenses, maintaining its ability to write insurance business in the European Economic Area, the United States and the rest of the world. It continues to enjoy the strong rating of Munich Re (Group): rated as A+ (Superior) by A. M. Best, and AA- (Very strong) by S&P.
This change is part of the preparation for the relocation of the headquarters of Great Lakes UK to Munich at the beginning of 2017. The new structure of Great Lakes will support the development of existing and new business. Synergies and knowledge transfer within all units of Munich Re will support Great Lakes’ branches worldwide.
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.