Special insurance broker AmWINS Group Inc. said it has completed its acquisition of the acquisition of Private Client Insurance Group, a Palm Beach Gardens, Florida-based wholesale broker specializing in personal lines insurance for high net worth individuals. PCIG will join …
The new Chubb reported its first quarter results since the Ace Ltd. deal to acquire Chubb closed in January and, according to the man who spearheaded the giant merger, the combined firm is “off to a good start” with “strong …
QBE North America announced two executive appointments to support growth in personal insurance and expansion into the high net worth market. Eric Shanks has been appointed senior vice president, High Net Worth. In this newly created position, Shanks will have …
ACE’s $28.3 billion purchase of Chubb will create a major disruption in the luxury insurance market. When the integration of the two insurers is complete, the new company is anticipated to control approximately $6 billion of annual premiums on personal …
Its acquisition of Fireman’s Fund’s business in April, 2015 provided ACE Ltd. with an idea of what’s involved in integrating two leading high net worth insurance businesses. Frances D. O’Brien is now using those corporate insights along others she has …
Ironshore Inc. has established a dedicated Private Client Group to introduce its new insurance plan, the Ironshore Private Insurance Portfolio. Ironshore’s personal lines policy will be available for high net worth homeowners with properties valued in excess of $1 million. …
XL Group Plc, the Dublin-based insurer run by Chief Executive Officer Mike McGavick, acquired a stake in Privilege Underwriters Reciprocal Exchange, which takes on risks for wealthy clients and received funding from KKR & Co. this year. XL holds an …
Industry veteran Bob Courtemanche, until recently chairman of Ace Private Risk Services, has joined Risk Strategies Co., the Boston-based insurance and risk management advisor said. Courtemanche has been named senior managing director and practice leader nationally for its Risk Strategies’ …
There are “far-reaching implications” for personal lines insurers and the products and services they provide as the U.S. continues to undergo changes in its demographic structure, an industry report states. The third annual overview of personal lines insurance consumer markets …
AIG Private Client Group, a division of American International Group, Inc. that serves high net worth policyholders, has introduced wearable collections coverage, a specialized insurance product for couture and designer wearable collections. The new couture product offers coverage not typically …
