N.J. Firm Targets Upscale Personal Lines Customers

October 11, 2006

Edward Tafaro, the former president of The Hanleigh Companies (a division of BISYS), has formed Exceptional Risk Advisors, LLC with a single focus in mind—to partner with financial advisors, upscale life insurance practitioners, accounting firms and other advisors to help their affluent clientele manage their personal property and liability exposures.

The Mahwah, New Jersey based company will strive to fill what Tafaro says is an interesting gap in the insurance marketplace. “Our research and experience has shown that wealthy families and individuals are being underserved in the personal lines market. With many clients owning multiple homes, expensive cars, watercraft, fine art and collectibles, jewelry and more, it is not uncommon for extensive coverage gaps to exist, personal liability exposures to be underinsured or costly overlaps to occur as insurance is spread out over multiple carriers,” claims Tafaro.

Core carriers for Exceptional Risk Advisors include AIG’s Private Client Group, Chubb and Fireman’s Fund.

Source: Exceptional Risk Advisors, LLC

Topics New Jersey

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