The personal lines market gets very personal in the high net worth segment, according to one of the market leaders. PURE Group of Insurance Companies’ Chief Claims Officer Michael Taylor says that to excel in this market, agents, brokers and …
Plum Underwriting, the London-based specialist home insurance managing general agent, announced the launch of cyber and data risks cover embedded within high net worth (HNW) and mid net worth (MNW) home insurance products in the UK. Plum’s Home Cyber covers …
More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by Chubb. Despite this concern, out of 500 HNWIs surveyed …
Chubb Insurance Co. of Canada has launched an array of complimentary services for its high net worth and family office customers. Signature Suite™ is designed to help protect and enhance affluent lifestyles by providing access to security services, travel safety …
H.W. Kaufman Financial Group and Burns & Wilcox Canada announced they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services Inc. (XN). A managing general agent and provider of insurance products, XN is a subsidiary of The …
Ironshore Private Client Group has expanded its Private Insurance Portfolio product to high net worth homeowners throughout the state of New York, effective Jan. 23, 2017. Ironshore Private Insurance Portfolio, a customized policy providing property and liability coverage for homes …
Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has launched PURE Programs, an excess & surplus lines (E&S) homeowners product for individuals with higher risk homes insured for $1 …
W.R. Berkley Corporation has launched a new high net worth personal lines brand, Berkley One. Set to launch its products in the latter half of 2017, Berkley One will offer specialty personal insurance coverages to sophisticated individuals and families, supported …
Overall, home insurers are performing better in customer satisfaction as they compete more on improving the customer experience than on price. However, there is one up-and-coming affluent consumer group — the Gen Y generation or those ages 22 to 39— …
A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon’s $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running feud over neighboring properties in the Bahamas belongs …
