Wiesloch, 21 April 2021 – MLP SE is suspending active brokerage of the insurance products from the HanseMerkur Group with immediate effect, emphasising the importance of independency in its business model. This relates to the HanseMerkur Group's participation in MLP SE with 10.03 percent of the voting rights, which was announced today.
As prescribed by law for insurance brokers, now that the ten-percent threshold has been exceeded, MLP must notify its new clients of the HanseMerkur Group's shareholding by way of written customer information in future. In order to avoid any impression of a potential conflict of interests in client consulting, MLP is suspending the product partnership until further notice.
As has been communicated on several occasions, the independence from product partners is an elementary component of MLP's business model. This offers decisive added value for clients, consultants and shareholders. As an insurance broker, MLP bases the inclusion of products to its portfolio and the selection of products for consultancy on clearly defined quality criteria that are geared towards the needs of the MLP target group. MLP had informed HanseMerkur of this fact, too.