Nationwide Private Client insurance products and services for affluent clients are now available in four new states: Alaska, Idaho, Minnesota, and Tennessee, bringing the total number of states served to 16. Nationwide Private Client business formerly went under the name …
American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily due to ongoing liability management …
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Cooper, Simms, Nelson & Mosley (Cooper Simms), based in Winter Park, Fla. Terms of the acquisition were not disclosed. Cooper Simms is a full service firm with …
In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and distribution and greater growth and earnings than …
ACE Group has launched a new online tool, ACE EZQuote, that allows independent agents and brokers to generate a bindable quote for boats in less than four minutes. Available through its ACE Recreational Marine Insurance business, ACE EZQuote works for …
Ironshore Personal Lines is introducing a Home and Family Security Endorsement to its High Value Homeowner Program to broaden coverage for losses arising from random attacks or situations impacting high net worth families. Designed to meet the needs of high …
Privilege Underwriters Inc., the holding company for the PURE Group of Insurance Companies, including the member-owned Privilege Underwriters Reciprocal Exchange (PURE), said it is recapitalizing with equity investments from funds managed by private equity firm Stone Point Capital, investment firm …
Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has partnered with security firm Concentric Advisors to offer CyberSafe Solutions. The program is designed to help individuals better assess, prevent, detect …
MarketScout, the national electronic insurance exchange and specialty MGA, has expanded its specialty high net worth underwriting practice with the addition of a new non-admitted $3.1 billion facility targeting agents with specialty expertise in the high net worth homeowners segment. …
Crestbrook Insurance Co., an affluent market personal lines carrier from Nationwide, has expanded into Missouri. Independent insurance agents and brokers appointed with Crestbrook are now able to offer its products and services to their affluent clients in the state. Crestbrook …
