Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has expanded its southeast regional hub in Charleston, S.C. To accommodate PURE’s growth, the company has moved offices to the newly-renovated Cigar Factory where it expects to employ at least 60 professionals in a variety of underwriting, marketing, member services and other positions.
“Charleston has been a critical part of PURE’s early success, and the move is representative of our exceptional growth,” said Bobby Collins, senior vice president with the PURE Group of Insurance Companies and former chairman of the Charleston Metro Chamber of Commerce. Collins added that the new office is a significant step in the company’s continued expansion.
PURE’s Charleston office first opened in 2008, shortly after the company launched, with only a handful of employees. Since then, PURE has achieved annual growth of at least 40 percent each year and increased its membership to more than 45,000 families across the U.S.
The new office will continue to house underwriting for accounts submitted by PURE’s independent broker partners in Alabama, Georgia, Kentucky, North Carolina, South Carolina and Tennessee. In addition to Charleston, PURE has offices in Atlanta, Georgia; Basking Ridge, New Jersey; Chicago, Illinois; Fort Lauderdale, Florida; New York, New York; San Francisco, California; Scottsdale, Arizona and White Plains, New York.
Privilege Underwriters Reciprocal Exchange (PURE) is a policyholder-owned insurer dedicated to high-net worth individuals and families. PURE coverage throughout the U.S. for high-value homes, automobiles, jewelry, art, personal liability, watercraft and flood.
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