High-Net Worth News

High-Net-Worth Individuals Concerned About Underinsurance: Chubb

More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by Chubb. Despite this concern, out of 500 HNWIs surveyed …

NEBCO Insurance Services Expands into Florida, Opens First Office in Naples

NEBCO Insurance Services has opened an office in Naples, Fla. The Greenwich, Conn.-based independent insurance agency provides asset and lifestyle protection for high-net-worth individuals nationwide. The recently opened office in Naples is the firm’s first expansion outside the Greenwich area. …

Ironshore Launches Hybrid Product for Fine Art Losses from Political Risks

Ironshore International has introduced a hybrid insurance product to protect against loss or damage of works of art in the care custody and control of Museums and Exhibition organizers, as well as personal fine art valuables and collections. Ironshore’s new …

PURE Insurance Expands Southeast Regional Hub in South Carolina

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has expanded its southeast regional hub in Charleston, S.C. To accommodate PURE’s growth, the company has moved offices to the newly-renovated Cigar …

PURE Introduces Domestic Staff Workers’ Comp Coverage for Florida Members

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has introduced Domestic Workers’ Compensation Insurance for members residing in Florida. The coverage provides protection for trusted and valued domestic employees. “The …

PURE Launches Cyber Program for High-Net Worth Segment

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 Launches New High Net Worth Underwriting Facility

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. …

ACE Launches High Net Worth Personal Insurance Business in Canada

ACE Group has launched its high net worth personal insurance capabilities in Canada through ACE Private Risk Services. ACE’s program features a highly customizable and specialized package of policies that can include home, valuable collections, watercraft, umbrella liability, and auto …

Crestbrook Insurance Expands Into Colorado

Crestbrook Insurance Co., an affluent market personal lines carrier from Nationwide, has expanded into Colorado. Independent insurance agents and brokers appointed with Crestbrook are now able to offer its products and services to their affluent clients. Crestbrook provides offers coverage …

Crystal, AIG Offer Conceptual Art Insurance for Private Clients

Crystal & Co., a strategic risk and insurance advisor, has partnered with AIG Private Client Group, a division of AIG, to create a new insurance product for private clients with conceptual art collections. Conceptual art is focused more on the …