Solutions
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Solutions

Specialty insurance in three dimensions

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    We are a specialty insurance solution provider powered by Munich Re, conducting Agency, Coinsurance and Single Risk Business on a global scale. We operate according to two distinct models: delegated acceptances via agency or coinsurance agreements and individual underwriting of large industrial risks. Find out what we can do for you.

    We collaborate with agents to serve (new) primary insurance markets on a broad international scale in multiple non-life product lines. Business partners can rely on us for bespoke insurance solutions and consulting. With our combined expertise, we can begin selling policies within weeks rather than months or years.

    Our flexible and scalable B2B2C insurance platform features a fully automated intermediary portal and access points. We assist the agents in managing and monitoring business from a legal, regulatory, compliance & conduct risk perspective and provide transparency to steer the business.

    Agency Lifecycle

    Agency Lifecyle
    © Munich Re

    Just 4 of the many reasons you can count on Great Lakes

    €2.3bn
    Gross written premium in the agency and coinsurance segment
    35+
    We partner with more than 35 agents across various lines of business and geographies
    19+
    Our extensive claims network includes more than 19 third party administrators which are directly contracted by us
    8m+
    Nearly 8 million people are insured with Great Lakes and benefit from the insurance products offered by our partners
    Contact our Experts
    Florian Heger
    Florian Heger
    Head of Agency Business
    Andrea Whartonthorne
    Andrea Whartonthorne
    Head of Agency Business UK

    Primary insurers can rely on us for capital-efficient coinsurance solutions. As a primary insurer, you may be required to hold substantial capital to cover the third-party default risk inherent in your required reinsurance solution. With Great Lakes, you can choose a more capital-efficient path: Our coinsurance solutions give you the best of both worlds. We can help you optimise capital, reduce costs and build your business.

    We support you in setting up an ideal structure that does justice to the interests of all parties involved, including quality assurance processes and drafting of the coinsurance wording in close collaboration with you. In addition, we manage the relationship with you and handle renewal and termination, including the run-off of the agreement. And as part of Munich Re, we offer access to unsurpassed reinsurance capacity and expertise.

     

    Contact our Experts
    Florian Heger
    Florian Heger
    Head of Agency Business
    Graeme Walker
    Graeme Walker
    Head of Agency Business UK

    We’ve got your single risks covered: Natural catastrophes, international supply chains, cyber-attacks, human error – companies across industries are exposed to a broad spectrum of risks. In addition to the immediate costs of a given loss event, knock-on effects of business interruption (BI) and contingency BI are omnipresent – flooding in Southeast Asia can trigger business interruption in Europe, to give just one example. 

    It's good to know that Great Lakes is a global single risk carrier for commercial and industrial primary insurance and facultative reinsurance business, with vast experience, as well as the financial solidity of Munich Re. Our experts will work closely with you to develop specialty insurance solutions tailored to your risk scenarios.

    For the London market we have our own dedicated team of single risk experts.
     


     

    Your Benefits at a Glance

    Licenses on a broad international scale
    Strong rating and financial strength
    Insurance covers for almost all non-life lines of business
    In-depth experience of Munich Re
    Innovative and flexible approach
    Lean and efficient structure

         
    Contact our Experts
    Paul Woods
    Paul Woods
    Head of F&C London
    Ian Gentles
    Ian Gentles
    Large Single Risk Team Lead