Ironshore Private Client Group has expanded its Ironshore Private Insurance Portfolio product to high net worth homeowners in Connecticut. Ironshore Private Insurance Portfolio coverage is available in four states on an admitted basis, including Pennsylvania, New Jersey and Georgia.
Ironshore Private Insurance Portfolio product, introduced in March, is designed for affluent and high net worth individuals and their families. The policy provides customized coverage for high value homes, vacation properties, watercraft, jewelry and other valuable collections. Excess liability protection is also available to provide an additional layer of protection for high risk liability exposure that exceeds the policy limit.
“Our entry into Connecticut is an important milestone in rolling out this specialty product to high net worth individuals in selected states nationwide,” said Daniel Olmsted, head of Ironshore Private Client Group. “Connecticut is home to a significant concentration of high net worth individuals and highly valued properties, which is supported throughout the state by a very strong independent agency and broker network.”
Ironshore’s Private Insurance Portfolio includes comprehensive liability coverage of up to $1 million in the homeowner policy and up to $10 million in worldwide coverage under the personal umbrella option. Watercraft and yacht coverage with limits up to $10 million will also be available.
Ironshore provides broker-sourced specialty property and casualty coverages for risks located throughout the world. Select specialty coverages are underwritten at Lloyd’s through Ironshore’s Pembroke Syndicate 4000.
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