Role of MIMAL: Macquarie Investment Management Asia Limited (“MIMAL”) provides prospective purchasers of insurance access to the Macquarie Insurance Facility (“MIF”) and its panel of insurers. MIMAL’s work on behalf of the insured does not displace the responsibilities of the insured’s broker; MIMAL has not undertaken responsibility for preparing submissions, requesting quotes, collecting and paying premium taxes or fees and binding risks. MIMAL 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: MIMAL 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. MIMAL may receive this compensation either directly from the insurer or via the broker.
In addition, MIMAL 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 MIMAL can be obtained by contacting any member of MIMAL’s MIF team.
Macquarie Infrastructure Management (Asia) Pty Limited ABN 98 112 772 871, Australian Financial Services Licence No 284621 (MIMAL).
MIMAL is part of the Macquarie Group which consists of Macquarie Group Limited and its subsidiaries, including Macquarie Bank Limited ABN 46 008 583 542 (MBL).