Calibre Insurance has been launched as the brand for the Calliden Commercial insurance portfolio acquired last year by Munich Re.
A new insurer, or an old insurer re badged, the evolution of an old insurer Calliden Insurance has now officially transformed into Callibre Commercial Insurance Pty Ltd is headed by Mike Hooton, a former executive of Calliden Agency Services. Con Anasta is the National Sales Manager and Darren Fisher Underwriting Manager, Commercial. The business is focused on the broker and agency market in Australia providing business package, ISR, general liability and speciality liability products to a wide range of SME businesses. As a subsidiary of Munich Re and with Great Lakes Australia as security, Calibre is in a strong position to build on its portfolio of business.
The recent purchase of Latitude Underwriting’s Specialty Liability portfolio will also see that product rebranded and released alongside Calibre Insurance’s suite of commercial insurance products. Ross Gilbert, previously of Latitude Underwriting, has joined Calibre Insurance and will continue to manage the portfolio. All Calibre Insurance policies are underwritten by Great Lakes Australia and will be available to transact from 16 November 2015 to take effect from 1 January 2016.
Big things are expected from Callibre simply due to the (excuse the pun) Callibre of the parent Munich Re one of, if not the largest reinsurer in the world. They have had the inside running for some years now underwriting the reinsurance program for Calliden Insurance prior to the sale of the business and restructure. Congratulations to the team of Callibre and I wish them well. As the major insurers like Allianz, CGU, Vero, QBE and Zurich continue to grow into behemoths we in the broking industry are hoping for a new start and some basic competition to provide value to our clients.