CALLIDEN BUSINESS PDF

If you are not familiar with these principles, here are some quick tips. To search specifically for more than one word, put the search term in quotation marks. This will limit your search to that combination of words. Sarah Veysey. Munich Reinsurance Co. Under the terms of the deal, Sydney-based Steadfast will acquire Calliden Group, a Sydney-based holding company that owns an insurer and managing general agency, in a deal worth about

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Munich Re will acquire the authorised insurer, Calliden Insurance Limited. The distribution strength of the largest broker network in Australia will provide GLA with the opportunity to develop products tailored to current-market commercial insurance needs. As part of the transaction, Munich Re will continue to work with the well-regarded Calliden team to establish a new business pack and commercial Managing General Agency MGA , based on the Calliden agency portfolios acquired, to service all intermediaries in Australia.

Completion of the transactions is subject to regulatory approvals, approval by shareholders and customary closing conditions, which are expected to be completed at the end of the fourth quarter of Steadfast, established in , is a broker network and provider of services to insurance broker businesses across Australia, New Zealand and in Singapore.

Steadfast also operates as a consolidator through its equity interests in a number of insurance broker businesses, a reinsurance broker, underwriting agencies, other complementary businesses and a joint venture in Macquarie Pacific Funding. Its focus is on the Australian intermediated insurance market including brokers and authorised representatives, small businesses and householders. CASL underwrites and distributes via professional intermediaries a range of insurance products from electronically delivered business packages and home insurance to specialised niche offerings for high-value homes and exotic cars.

CIL is an insurer that manufactures and distributes products through a number of underwriting agencies. Its focus is on achieving a return on its capital in excess of its weighted average cost of capital over the course of the insurance cycle. Great Lakes is a wholly-owned subsidiary of Munich Re. Great Lakes was originally formed in Canada in Munich Re acquired the Toronto-based company in and established Great Lakes in the UK in with the aim of accessing and better servicing the London market.

GLA has been supporting selected underwriting agency partners since About the Steadfast Group Steadfast, established in , is a broker network and provider of services to insurance broker businesses across Australia, New Zealand and in Singapore.

Calliden Insurance Limited CIL is an insurer that manufactures and distributes products through a number of underwriting agencies. This is how Munich Re creates value for clients, shareholders and staff. It operates in all lines of insurance, with almost 45, employees throughout the world.

Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company.

The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. Further Information.

Media Relations. For media inquiries please contact:. Johanna Weber. Media Relations Munich. Nikola Kemper. Media Relations Asia Pacific. Media Relations North America. Terese Rosenthal.

Munich Reinsurance America. Phone Tel. Load next results. We use cookies on our websites to improve your experience as an internet user, and to optimise our online services. They comprise cookies that are required for technical purposes, and without which the website functionality could not be guaranteed. We also employ cookies to carry out statistical evaluations of the reach of our websites. These evaluations are anonymised.

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Munich Re to expand Australian insurance business through Calliden deal

Munich Re will acquire the authorised insurer, Calliden Insurance Limited. The distribution strength of the largest broker network in Australia will provide GLA with the opportunity to develop products tailored to current-market commercial insurance needs. As part of the transaction, Munich Re will continue to work with the well-regarded Calliden team to establish a new business pack and commercial Managing General Agency MGA , based on the Calliden agency portfolios acquired, to service all intermediaries in Australia. Completion of the transactions is subject to regulatory approvals, approval by shareholders and customary closing conditions, which are expected to be completed at the end of the fourth quarter of Steadfast, established in , is a broker network and provider of services to insurance broker businesses across Australia, New Zealand and in Singapore. Steadfast also operates as a consolidator through its equity interests in a number of insurance broker businesses, a reinsurance broker, underwriting agencies, other complementary businesses and a joint venture in Macquarie Pacific Funding.

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Steadfast underwriting giant with Calliden buy

Broker network to acquire Calliden Group. Steadfast Group Limited is to acquire Calliden Group and then sell on the general insurance operations and two underwriting agencies to Munich Holdings of Australasia. Munich Re will be responsible for the portfolio and all government relationships. MHA will also obtain the net tangible assets of Calliden Insurance Limited, and its business package and commercial agency operations. Steadfast will acquire Calliden Group through a scheme implementation deed SID and will acquire all the issued shares of Calliden by scheme of arrangement.

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