The underlying security in respect of policies issued by The Charterers P&I Club is Great Lakes Insurance SE, UK Branch ‘GLISE’, a wholly owned subsidiary of Munich Re.
Outsanding Security and Service
Munich Re is one of the world’s largest reinsurance companies and as a wholly owned subsidiary, GLISE enjoys the same Security ratings which are AA- by Standard & Poor’s and A+ by A.M.Best.
- Market capitalisation Euro 28.0 billion
- Euro 49.1 billion in premium income in 2017
- Produced a Euro 1.2 billion profit before tax in 2017
- Established (since 1880) history in the Marine Market.
In today’s volatile economic climate the financial strength and global reach of both GLISE and Munich Re is a fundamental sign of the underlying strength of The Charterers P&I Club.