Munich Re Specialty enters the Australian market

Munich Re Specialty is entering Australia’s primary specialty insurance market, initially targeting mid-market clients in property, construction and engineering, mining, and surety.

The Sydney-based business will be led by Chris Mackinnon and offer access to Munich Re Specialty’s Lloyd’s syndicate products and broader Munich Re Group capabilities. It will also continue investing in its backed Australian MGAs and expand local underwriting, claims and distribution teams.

“Today is the culmination of purposeful strategic planning to bring the best of Munich Re Specialty to the Australian insurance market. Munich Re’s global financial strength, stability and technical prowess provides a powerful competitive advantage and a basis as a long-term partner for risk management. Complemented by my team of experienced underwriters and claims professionals, we will provide local authority with an easy to access, consistent and responsive approach. We have built client needs into our planning from the outset and for that reason, I have every confidence the market will appreciate our offering.” – Chris Mackinnon, Head of Munich Re Specialty in Australia.