Important information
Macquarie Investment Management Europe Limited (“MIMEL”), with registered address at Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD, United Kingdom, is authorised by the Financial Conduct Authority to carry on insurance mediation activities in the UK (FCA Reference number: 733534). This document relates to contracts of insurance which cover large risks and is only being made available to persons whom MIMEL 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, the financial promotion restriction does not apply to this document, nor does this document constitute an offer by MIMEL (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 MIMEL: MIMEL provides prospective purchasers of insurance access to the MIF and its panel of insurers, who work to provide competitive quotes to the insured. MIMEL’s work on behalf of the insured does not displace the responsibilities of the insured’s broker; MIMEL has not undertaken responsibility for preparing submissions, requesting quotes, collecting and paying premium taxes or fees and binding risks. MIMEL 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. MIMEL 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. MIMEL may receive this compensation either directly from the insurer or via the broker.
In addition, MIMEL 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 MIMEL can be obtained by contacting any member of MIMEL’s MIF team.
MIF Holdings GmbH (“MIF Holdings”) is an insurance agent authorised and regulated by the Chamber of Industry and Commerce in Frankfurt am Main to carry on insurance distribution activities with registered address at Bockenheimer Landstraße 2-4, 60306 Frankfurt, Germany. This document does not constitute a financial promotion and nor does it constitute an offer by MIF Holdings (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 MIF Holdings: MIF Holdings 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 Holdings is working on behalf of the preferred insurers and does not displace the responsibilities of the insured’s broker; MIF Holdings has not undertaken responsibility for preparing submissions, requesting quotes, collecting and paying premium taxes or fees and binding risks. MIF Holdings 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 Holdings 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 Holdings may receive this compensation directly from the insurer. In addition, MIF Holdings 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 Holdings can be obtained by contacting any member of MIF Holdings’s MIF team.
