high net worth clients News

$4 Billion Basel Art Fair: Where Rich Go in Search of Investments

The main thing that’s driving the growth of the art market is the demand for a good investment for the very rich, art adviser Todd Levin said. Levin, standing outside the convention center in Basel, Switzerland, was referring to the …

New Tech Millionaires Trust Technology Over Traditional Financial Advisers

When the nine-person start-up he co-founded was bought by Facebook for a reported $15 million in January, Cemre Gungor, 27, was inundated with phone calls and emails from wealth advisers. Yet he spurned them all, opting instead to open an …

High Net Worth Carrier PURE Enters California

Call it a little luck or good timing – maybe a bit of both– but an insurer focused on high net worth individuals has added California to the list of states in which it does business at a time when …

Ironshore Personal Lines Launches Primary Flood Coverage for High Value Homes

Ironshore’s Personal Lines unit has expanded property coverage protection for high net worth homeowners.  Ironshore will offer a primary flood option as part of its homeowners insurance for properties valued at $1 million or more in selected states nationwide. By …

Crestbrook Insurance Expands into California, More States to Come

Crestbrook Insurance Co., an affluent market personal lines carrier, has expanded its products and services to independent agents and their clients in California. After launching in Illinois last October, the Nationwide Insurance subsidiary will continue to expand into Washington, Arizona, …

XL Group’s Specialty Businesses Launch Luxury Lines Program for Private Clients

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 …

Ironshore Enters Yacht Insurance Sector

Ironshore Inc. is now covering high-end pleasure craft, yachts and mega yachts on a global basis.  James G. Bishop, Jr., with more than 25 years experience in the maritime sector, has been named to lead the unit that will provide …

ACE Recreational Marine Introduces Policy Discount for Safety-Concious Boat Owners

ACE Recreational Marine, a nationwide recreational marine insurance provider and part of ACE Group, has introduced an optional endorsement that waives coverage for storm surge damage for those boat owners who are willing to move their vessels out of harm’s …

Fireman’s Fund Enhances Art Collection Product with ‘Death of An Artist’ Coverage

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 …

Ironshore Personal Lines Unit to Offer Excess Flood Coverage

Ironshore’s Personal Lines unit is expanding flood insurance coverage for high net worth homeowner clients.  The excess flood insurance is an endorsement available on homeowners policies underwritten by Ironshore through its network of program administrators.  The coverage provides an excess …