Munich Re MGA put into run-off
Munich Re has put GrovesJohnWestrup, its high-net-worth managing general agent, into run-off.
As revealed by sister title Insurance Post yesterday, the run-off began 1 July.
The Munich Re HNW arm entered the private client market in 2020. According to its website it had a team of eight, with Stuart Bromley as head of underwriting.
In 2021 GrovesJohnWestrup Private Clients launched a digital broker platform.
DecisionA Munich Re Specialty spokesperson said: “A recent strategic review of our businesses has led to the difficult decision that GrovesJohnWestrup Private Clients will cease writing
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