Security
The underlying security in respect of policies issued by the MECO Group is Great Lakes Reinsurance (UK) PLC, 'GLUK', a wholly owned subsidiary of Munich Re.
Munich Re is one of the world's largest reinsurance companies and as a wholly owned subsidiary, GLUK enjoys the same Security ratings, which are AA- by Standard & Poor's and A+ by A. M. Best.
SECURITY RATING
Munich Re is one of the world’s largest reinsurance companies and as a wholly owned subsidiary, GLUK enjoys the same security ratings, which are AA- by Standard & Poor’s and A+ by A. M. Best.
- Total net assets of Euro 26.2 billion
- Wrote Euro 51.1 billion in premium income in 2014
- Produced a Euro 3.2 billion profit in 2014
- Over 125 year history in the Marine Market
In today’s volatile economic climate the financial strength and global reach of both GLUK and Munich Re is a fundamental sign of the underlying strength of The Charterers P&I Club.
