Solution Underwriting announces new partnership

Solution Underwriting announces new partnership | Insurance Business

Solution Underwriting announces new partnership
Solution Underwriting has announced a new partnership with Great Lakes Australia as the company looks to build in the coming years.

The multi-year deal with Great Lakes, which is owned by global powerhouse Munich Re, will see the company shift underwriting capacity from Calliden Insurance Ltd as of yesterday.

Solution had been with Calliden since their inception nearly five years ago but the recent sale of the company will see the transition take place.

Rhys Mills, managing director of Solution, said that the company are pleased with the deal as the global footprint of Great Lakes and Munich Re will aid future development.

“We’re extremely excited about this transition and are proud to be a partner of such a well-established, well respected and financially strong group,” Mills said.

“Great Lakes Australia, who is ultimately owned by Munich Re, are one of the largest insurance groups in the world.

“We’ll continue to offer brokers the same fantastic products and service that they’ve come to expect from us, now with the backing of Great Lakes Australia.”

Mills stressed that it is in the best interest of Solution to partner with a global player as the company looks to build its position in the Australian market following its recent launch in Sydney.

“Certainly it gives us access to the huge company that Munich Re are and the international capabilities and the financial strength that they have and it will allow us to expand our offering and continue to provide what we already do with the backing of a highly rated, strong insurer,” Mills continued.