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