XL Group’s Specialty insurance businesses in North America have teamed up on a new luxury lines to extend their equine, aviation, yacht, fine art, and kidnap, ransom & extortioncoverages to protect high net worth private customers and their possessions. According …
Fireman’s Fund Insurance Co. has introduced new death of an artist loss settlement provisions, as well as seven other coverages to additional states as part of their Prestige Collections Coverage. Fireman’s Fund coverage high value collections address elements of fine …
MarketScout, the national electronic insurance exchange and specialty MGA with headquarters in Dallas, has expanded its nationwide specialty high-net-worth underwriting practice by bringing Brian Botwinick on board as senior vice president. Formerly a director with Quaker Special Risk, Botwinick will …
Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, will begin offering automobile insurance to its membership in Massachusetts. PURE began insuring fine homes, jewelry and art collections, excess liability …
As the Internet continues to take hold over the independent insurance agent’s market share, the value-added services a broker can provide to their clients are more important than ever, especially in the high-net worth space. Being an advisor, and not …
General Star Management Co. has launched a high value homeowners program. Effective March 1, the product is offered through All Risks, Ltd, the program administrator for this new facility. Together, they will provide eligible homeowners with insurance options in 12 …
Dallas-based MarketScout, in cooperation with insurers ACE, AIG and Fireman’s Fund, announced it has founded the Council for Insuring Private Clients. CIPC will focus on implementing best practices and risk management techniques for insuring the personal assets of private clients. …
EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has formed a new division, EPIC Motorsports. Operated by EPIC’s own collectors and racers, this division provides customers with insurance assistance for collector cars, racing, and …
Chartis has enhanced its Private Client Group’s Wildfire Protection Unit with geographic expansion and improved monitoring technologies. The unit now is available to clients in additional areas of Colorado. The Wildfire Protection Unit is a complimentary loss mitigation service designed …
Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so long means there is plenty of room for independent agents to go up …
