High Net Worth Insurer Vault Expands Into 3 States in Northeast

May 1, 2019

Vault, an insurer focused on the needs of the high net worth market, has received approvals to underwrite in Connecticut, New Jersey and Pennsylvania.

This adds to their existing operations in Florida and South Carolina and non-admitted coverage offerings in the U.S.

Vault offers insurance coverage and services for high-value homes, art, jewelry, cyber and personal excess liability coverage. Its business model, built on agent feedback, delivers these options under one transaction, powered by a web platform that offers quick quote and binding.

Vault was founded in 2017 in Florida by former AIG executives. The company is a combination of a policyholder-owned reciprocal insurance exchange and a surplus lines company focused on serving the needs of the affluent. Vault is majority-owned and supported by Allied World. Allied World provides significant capital and operational support to Vault.

Vault is the marketing name used to refer to Vault Reciprocal Exchange, a Florida-domiciled reciprocal insurance exchange managed by Vault Risk Management Services, LLC as its attorney-in-fact, and its affiliates.

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