GREAT LAKES INSURANCE SE
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Munich Re is a global leader in reinsurance/insurance based in Germany. Great Lakes is a fully owned subsidiary of Munich Re and acts as a specialist provider of insurance services and the preferred facilitator of insurance business.
What is our funding objective?
The program enables a substantial institutional investor, Munich Re, to directly invest in SDGs by participating in FMO transactions.
Why do we fund this investment?
The program helps achieve FMO's ambition of mobilizing commercial parties, maximizing global investment towards SDGs and investing in emerging markets. FMO can provide more capital and investment to its clients and help grow local prosperity in emerging markets.
What is the Environmental and Social categorization rationale?
The program is an innovative way to draw commercial capital towards SDGs, emerging markets and impact investments. Munich Re will be participating in FMO transactions, thus will support and enable further achievement of FMO E&S ambitions.
- Country
- Global
- Sector
- Financial Institutions
- Effective date
- 12/17/2019
- Total FMO financing
- USD 500.00 MLN
- Funding
- FMO NV