High-Net Worth News

Eroding Cliff Leaves Luxury Home Teetering 75 Feet Over Texas Lake

A luxury house has been left teetering about 75 feet above a Central Texas lake since the cliff the home is built on began collapsing. WFAA-TV in Dallas-Fort Worth reported that the house has been condemned and the owners evacuated …

Ironshore Personal Lines Launches Boat, Watercraft Coverage for High-Net Worth Clients

Ironshore’s personal lines unit now offers an endorsement option for personal watercraft coverage for high net worth insured homeowners.  Ironshore’s watercraft program provides “all risk” coverage for watercraft, including jet skis and boats.  Coverage can be obtained for multiple boats …

Crestbrook Insurance Expands into Arizona

Crestbrook Insurance Co., an affluent market personal lines carrier, has expanded into Arizona. Independent insurance agents and brokers appointed with Crestbrook in Arizona are now able to offer the property and casualty carrier’s products and services to their affluent clients. …

Ironshore Personal Lines Adds Fine Arts, Valuables Endorsement

Ironshore’s Personal Lines unit has expanded coverages available for high-net worth insured homeowners.  Ironshore clients can now obtain an endorsement for itemized fine art, jewelry, private collections, and other personal valuables.  Ironshore’s ‘personal articles floater’ is available to homeowner insureds …

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 …

Fireman’s Fund Insurance Adds Norris to High Net Worth Team in Chicago

Fireman’s Fund Insurance Co. appointed Kate Norris as business relationship manager in its Chicago office. With more than 15 years of industry experience, Norris will focus on Fireman’s Fund’s high net worth segment in personal lines insurance, specifically, family office …

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 …

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 …

MarketScout Expands Private Client Services, Hires New Executive Leadership

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 …

PURE Introduces Auto Insurance Option to Massachusetts Drivers

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 …