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.
OUTSTANDING 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 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.