Melbourne-based Solution Underwriting has announced a partnership with Munich Re-owned Great Lakes Australia.

Previously Solution’s security was with Calliden but MD Rhys Mills says the new deal, which takes effect immediately, will enable it to build its market presence.

“There are numerous benefits for us, including increased capacity, capability and opportunity,” he told insuranceNEWS.com.au.

“It gives us international reach and broadens the scope of our underwriting.

“We’re extremely excited about this transition and are proud to be a partner of such a well-established, well-respected and financially strong group.