Direct Commercial extends capacity with Great Lakes deal

Motor fleet managing general agent Direct Commercial has signed a new capacity arrangement with Great Lakes Reinsurance.

Direct Commercial already has capacity arrangements with Carraig and Lloyd’s syndicate Ascot. Its portfolio is mainly haulage, light haulage and courier.

It is also handles the administration of risks underwritten by Carraig.

Great Lakes is wholly owned by Munich Re and its financial strength is rated AA- by Standard & Poor’s.

Managing director Phil Cunningham said: “We are delighted to be entering into this partnership arrangement with one of the strongest names in the insurance sector, and are excited to be able to continue to offer our range of market leading products to our network of brokers, supported by one of the highest rated organisations in the world.”