Harnessing the energy
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The Company
Great Lakes Australia
Great Lakes Insurance SE
Great Lakes Insurance SE ("GLISE") is a German insurance company based in Munich and regulated by Bundesanstalt für Finanzdienstleistungsaufsicht, the Federal Financial Supervisory Authority of Germany.
Great Lakes Australia
Great Lakes Australia (GLA) is the Australian branch of Great Lakes Insurance SE (Great Lakes).
GLA is licensed by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL No. 318603).
GLA is authorised by the Australian Prudential Regulation Authority (APRA) to operate as a general insurer in Australia.
GLISE – our relationship with Munich Re
GLISE is a wholly owned subsidiary of Münchener Rückversicherungs-Gesellschaft AG (Munich Re).
GLISE shares the excellent financial strength ratings of Munich Re. In addition, GLA has access to the experience and expertise of Munich Re (Group) to facilitate the research and development of niche programmes for our clients.
History
GLISE was originally formed in Canada in 1951. Munich Re acquired the Toronto based company in 1975 and established GLISE in the UK in 1987 with the aim to access and better service the London market. Great Lakes Insurance SE trading as Great Lakes Australia was registered as a foreign company (ARBN 127 740 532) in Australia on 31 October 2007.
General Insurance Code of Practice
Great Lakes Australia is a party to the General Insurance Code of Practice.
You can access a copy of the Code at http://codeofpractice.com.au.
As a party to the code Great Lakes Australia has a “Vulnerability, Family Violence and Financial Hardship Policy” that can be accessed below.