Important information
MIF Holdings Limited (“MHL”) is an appointed representative of Davies MGA Services Limited (FCA Reference number: 597301) and Davies Broking Services Limited (FCA Reference number: 486865) for general insurance intermediary business, both companies are authorised and regulated by the Financial Conduct Authority to carry on insurance mediation activities. MIF Holdings Limited is registered in England and Wales (Companies House No.10140440) at Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD, United Kingdom. This document relates to contracts of insurance which cover large risks and is only being made available to persons whom MHL understands satisfy the threshold requirements for an Exempt Communication pursuant to Article 25 of the Financial Services and Markets Act (Financial Promotion) Order 2005. As such, this document does not constitute a financial promotion and nor does it constitute an offer by MHL (for itself or on behalf of any insurer) to enter into a contract of insurance. Recipients should seek advice from their usual insurance broker or a duly authorised investment professional before entering into a contract of insurance with the Macquarie Insurance Facility (MIF) of the nature described in this document.
Role of MHL: MIF Holdings Limited (“MHL”) provides prospective purchasers of insurance access to the Macquarie Insurance Facility (“MIF”) and its panel of insurers, who work to provide competitive quotes to the insured. MHL’s work on behalf of the insured does not displace the responsibilities of the insured’s broker; MHL has not undertaken responsibility for preparing submissions, requesting quotes, collecting and paying premium taxes or fees and binding risks. MHL also undertakes no responsibility for advising on whether the insurance coverage purchased is appropriate for the insured’s needs or represents the best terms and conditions available.
Compensation. MHL may be entitled to receive a commission of up to 5% of the premium on any policy sold (or renewed) where it has provided introductory services to a MIF panel insurer. MHL may receive this compensation either directly from the insurer or via the broker.
In addition, MHL may provide various services to brokers in consideration of which a broker may pay a fee. These services may include introductions, data management and reporting.
MIF may also earn a profit commission based on the profitability of property risks placed through Macquarie Infrastructure Reinsurance Company (“MIRC”) subject to meeting certain criteria.
More information regarding the extent and nature of the compensation received by MHL can be obtained by contacting any member of MHL’s MIF team.
Macquarie Insurance Facility Luxembourg S.à r.l. (“MIF Lux”) is authorised and regulated by the Luxembourg insurance regulator, the Commissariat aux Assurances (“CAA”). MIF Lux is not an authorised deposit-taking institution, and MIF Lux’s obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of MIF Lux. This document relates to contracts of insurance which cover large risks and is being made available to policyholders whom MIF Lux intends to distribute insurance policies, according to the relevant Luxembourg law and regulations. As such, this document does not constitute a financial promotion and nor does it constitute an offer by MIF Lux (for itself or on behalf of any insurer) to enter into a contract of insurance. Recipients should seek advice from their duly authorised insurance broker or a duly authorised investment professional before entering into a contract of insurance with the Macquarie Insurance Facility (“MIF”) of the nature described in this document.
Role of MIF Lux: Macquarie Insurance Facility Luxembourg S.à r.l. (“MIF Lux”) provides prospective purchasers of insurance access to the Macquarie Insurance Facility (“MIF”) and its panel of insurers, who work to provide competitive quotes to the insured. MIF Lux’s work on behalf of the insured does not displace the responsibilities of the insured’s broker; MIF Lux has not undertaken responsibility for preparing submissions, requesting quotes, collecting and paying premium taxes or fees and binding risks. MIF Lux also undertakes no responsibility for advising on whether the insurance coverage purchased is appropriate for the insured’s needs or represents the best terms and conditions available.
Compensation. MIF Lux may be entitled to receive a commission of up to 5% of the premium on any policy sold (or renewed) where it has provided introductory services to a MIF panel insurer. MIF Lux may receive this compensation either directly from the insurer or via the broker.
In addition, MIF Lux may provide various services to brokers in consideration of which a broker may pay a fee. These services may include introductions, data management and reporting.
MIF may also earn a profit commission based on the profitability of property risks placed through Macquarie Infrastructure Reinsurance Company (MIRC) subject to meeting certain criteria.
More information regarding the extent and nature of the compensation received by MIF Lux can be obtained by contacting any member of MIF Lux’s MIF team.