Munich Re has put GrovesJohnWestrup, its high-net-worth managing normal agent, into run-off.
As revealed by sister title Insurance coverage Submit yesterday, the run-off started 1 July.
The Munich Re HNW arm entered the non-public shopper market in 2020. In line with its web site it had a staff of eight, with Stuart Bromley as head of underwriting.
In 2021 GrovesJohnWestrup Personal Purchasers launched a digital dealer platform.
Choice
A Munich Re Specialty spokesperson stated: “A latest strategic evaluate of our companies has led to the troublesome choice that GrovesJohnWestrup Personal Purchasers will stop writing
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