AIG’s Private Client Group did not take over the high net worth business of Fireman’s Fund as this article erroneously reports….ACE did. The future high net worth personal lines market will actually consist of 3 main players after ACE’s acquisition of Chubb: AIG, Chubb and PURE. Other players will include Cincinnati Financial and the Private Client Group of Nationwide formerly known as Crestbrook.
What usually happens is someone posts a comment about an error in the article, then the article gets updated without any disclosure that the original article was amended. I’d tend to believe that’s what happened here – Glenn pointed out the error and IJ fixed it before you read the article.
AIG’s Private Client Group did not take over the high net worth business of Fireman’s Fund as this article erroneously reports….ACE did. The future high net worth personal lines market will actually consist of 3 main players after ACE’s acquisition of Chubb: AIG, Chubb and PURE. Other players will include Cincinnati Financial and the Private Client Group of Nationwide formerly known as Crestbrook.
The article correctly states that ACE took over Fireman’s Fund business.
What usually happens is someone posts a comment about an error in the article, then the article gets updated without any disclosure that the original article was amended. I’d tend to believe that’s what happened here – Glenn pointed out the error and IJ fixed it before you read the article.
Check out the article’s byline…
:-)