Great Lakes Insurance SE
About Us
© Munich Re

About Us

Great Lakes in Detail

Drawing on the experience and solidity of Munich Re, Great Lakes Insurance SE (Great Lakes) conducts agency and coinsurance business and provides covers for complex single risks.

We operate independently and with partners to serve the primary insurance market. In addition, we provide our business partners with operations support and expertise, developing innovative insurance solutions.

As a Munich-based insurance solution provider, Great Lakes is regulated by the Federal Financial Supervisory Authority of Germany (Bundesanstalt für Finanzdienstleistungsaufsicht or BaFin). The company is a fully owned subsidiary of Munich Re and enjoys the same strong rating and financial strength as the parent company. We maintain permanent offices in the United Kingdom (London), Switzerland (Zug/Cham), Italy (Milan) and Australia (Sydney).

Fairness and transparency towards our policyholders are at the heart of our corporate culture. We are committed to ensuring that the products and services we offer meet the needs and interests of our customers and provide value to them. Our staff members can rely on us for attractive opportunities and conditions in a fast-moving market – exciting chances for international personal and professional development included.

Our Value Proposition

Licenses on a global scale
Strong rating and financial strength
Flexible and comprehensive set of modular primary insurance operations
Flexible and scalable B2B2C platform with a fully automated agency portal
Extensive primary insurance experience
High commitment to support business partners

 
Dr. Stefan Pasternak
© Oliver Soulas
At Great Lakes we focus on our partners’ business ideas to support them with traditional business models and to guide them with our expertise and experience in implementing innovative solutions.
Dr. Stefan Pasternak
Chief Financial Officer

 

Key Financial Figures

€4.9bn
Gross Written Premium 2020
AA-
Standard & Poor’s Rating
177%
Solvency Ratio 2020
      

History

At Great Lakes, we look back on a successful track record beginning in 1951 – and we look forward to continuing our support for partners and commercial insurance clients across industries as they take on the challenges of the 21st century.
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© Henry@scenicfoto.com / Getty Images
1951
Great Lakes is founded in Canada
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© Marcus Buck
1975
The Toronto-based company is acquired by Munich Re
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© Jeff Hunter / Getty Images
1987
Great Lakes Reinsurance (UK) PLC is established in London
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© Oleksii / stock.adobe.com
2008
Great Lakes Australia and Great Lakes Switzerland are founded
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© omersukrugoksu / Getty Images
2011
Great Lakes Italy is founded
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© rustamank / stock.adobe.com
2015
The company's underlying legal entity is changed from PLC to SE (Societas Europea)
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© Björn Kindler / Getty Images
2017
Redomiciliation from London to Munich and name change to Great Lakes Insurance SE
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© Delphotostock / stock.adobe.com
2021
After Brexit, Great Lakes UK becomes a third country branch and enters the TPR