Introduction and Status Disclosure Sample Clauses

Introduction and Status Disclosure. Xxxxxx New Zealand Limited is a general insurance intermediary authorised and regulated by the Financial Markets Authority (FMA) (Financial Services Provider number FSP37782). Our ultimate parent is Xxxxxx Xxxxxx Xxxxxx PLC, a company incorporated in the Republic of Ireland and listed on NASDAQ. We are a leading insurance intermediary and risk management consultancy and offer transactional and/or advisory services for your insurance requirements over a wide range of general insurance products. We are committed to acting in your best interests at all times in providing services to you. As an insurance intermediary, we normally act for you, and we recommend and arrange insurance with one or more insurers selected from a limited range or a pre-determined panel of insurers, according to the nature of the product required. However, we sometimes act as an agent of insurers in relation to the coverage proposed, or insurers may have outsourced to us certain work related to the administration of your contract. We will disclose to you where we act as agent of insurers or provide services to insurers when providing you with information on the coverage proposed. Generally, we act as agent of insurers when insurers have granted us a binding authority or managing general agency, which enables us to accept business on their behalf and immediately provide coverage for a risk. Further, we may arrange lineslips, which enable an insurer to bind business for itself and other insurers and we may manage these lineslips for such insurers. We may place your insurance business under a binding authority, managing general agency, lineslip or similar facility where we reasonably consider these match your insurance requirements/ instructions. We shall inform you whenever we bind your insurance risk under a facility. We do not offer advice in relation to tax, accounting, regulatory or legal matters (including sanctions) and you should take separate advice as you consider necessary regarding such matters.
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Introduction and Status Disclosure. Xxxxxx Re GmbH is part of the worldwide Xxxxxx Xxxxxx Xxxxxx Group, a leader in insurance and reinsurance brokerage and risk management consulting. We are supervised by the IHK for Munich and Upper Bavaria. Our approved business generally consists of brokering insurance contracts, which also includes reinsurance contracts. Our registration (registration number D-P4U0-3BMWD-89) can be checked in the German insurance intermediary register, which can be found on the website xxx.xxxxxxxxxxxxxxxxxx.xxxx. Our ultimate parent is Xxxxxx Xxxxxx Xxxxxx PLC, a company incorporated in the Republic of Ireland and listed on NASDAQ. In this document, Xxxxxx Xxxxxx Xxxxxx PLC, its subsidiary and joint venture companies are each referred to as a “Xxxxxx Xxxxxx Xxxxxx Company” and collectively as “Xxxxxx Xxxxxx Xxxxxx Companies”. We offer transactional and/or advisory services for your reinsurance requirements over a wide range of reinsurance products. We are committed to acting in your best interests at all times in providing services to you. As a reinsurance intermediary, we normally act for you and we recommend and arrange reinsurance with one or more reinsurers, selected from a limited range of reinsurers, according to the nature of the product required. However, we sometimes act as agent of reinsurers in relation to the coverage proposed, or reinsurers may have outsourced to us certain work related to the administration of your contract. We will disclose to you where we act as agent of reinsurers or provide services to reinsurers when providing you with information on the coverage proposed. Generally we act as agent of reinsurers when reinsurers have granted us a binding authority, or similar arrangement, which enables us to accept business on their behalf and immediately provide coverage for a risk. Further, we may arrange lineslips, which enable a reinsurer to bind business for itself and other reinsurers and we may manage these lineslips for such reinsurers. We may place your reinsurance business under a binding authority, lineslip or similar facility where we reasonably consider these match your reinsurance requirements / instructions. We shall inform you whenever we bind your reinsurance risk under a facility. We do not offer advice in relation to tax, accounting, regulatory or legal matters (including sanctions) and you should take separate advice as you consider necessary regarding such matters.
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Related to Introduction and Status Disclosure

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  • Interpretation and Application For purposes of this Chapter:

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