Specialty insurance in three dimensions
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.
Just 4 of the many reasons you can count on Great Lakes
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.
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.