Following a strategic review of their business, Munich Re has announced that it will pursue a divestment of its primary insurance arm and agency investments in Australia and New Zealand, which includes Calibre Insurance. Munich Re believes the capabilities of Great Lakes Australia (GLA) and its agency investments will be better realised with a change in ownership.
Munich Re will focus on Reinsurance in Australia and New Zealand, where it believes it can provide the best value to the market and its reinsurance clients. View the latest media articles and Munich Re corporate news.
Calibre Insurance is a growing, focussed and well performing business that will continue to service brokers and their customers. All Calibre Insurance policies will continue to be underwritten by GLA up until an appropriate replacement underwriter is confirmed. Contact details remain unchanged and all agreements remain in force including any specific commercial arrangements.
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