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.



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 of Euro 28.5 billion in 2018
  • Euro 49.1 billion in premium income in 2018
  • Produced a Euro 3.7 billion profit before tax in 2018
  • Established history in the Marine Market, since 1880

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.


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