March 18, 2022
Miller, the London-based independent specialist re/insurance broker, announced the launch of its online Private Clients platform, providing digital solutions for clients in the high-net-worth space. The online system is the first broker offering of its type in the market and …
August 11, 2021
Hoxton Insurance Services, a new managing general agent (MGA) that trades exclusively through brokers, has been launched by MGA specialist, NuVenture International Ltd. Focusing on mid and high net worth personal lines insurance in the UK, Hoxton Insurance Services will …
June 14, 2021
NFP and Vault have launched the NFP/Vault Group Excess Program to provide select, qualifying employers and wealth management organizations an opportunity to expand their scope of benefits and offerings and extend to their high net worth (HNW) executives and clients …
November 18, 2020
Fairfax Financial Holdings and its subsidiary Allied World Assurance Co. have agreed to sell their majority interests in Florida-based high-net worth insurer Vault E&S Insurance Co. to private equity investor Cornell Capital and asset manager Hudson Structured Capital Management. Fairfax, …
October 20, 2020
HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe from AXA. He joins the specialty lines insurer as head of Fine Art & Lifestyle Continental Europe, …
May 28, 2020
Brit Ltd., the London-based specialty insurer and reinsurer, has launched a private client offering. Brit Private Client will provide brokers operating in the high and ultra-high net worth market, and their clients, with a bespoke approach. It will offer clients …
February 10, 2020
Tokio Marine Holdings announced that it has completed the acquisition of Privilege Underwriters Inc. and its subsidiaries, known as Pure Group, which specializes in the U.S. high net worth insurance market. The deal was announced last October. The acquisition price …
October 28, 2019
American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies through the Lloyd’s of London marketplace and write as much as $1 billion in gross premiums. AIG plans to create …
May 8, 2019
Competition is tightening across the P&C insurance market. With just 2 percent of new consumers entering the personal lines auto insurance market last year, and with retention rates hovering around 88 percent, most insurers face a zero-sum proposition in which …
April 5, 2019
American International Group said Kathleen Zortman will join the company as president and chief executive officer of Private Client Group, General Insurance. In this new role, Zortman will lead AIG’s global high net worth portfolio, with responsibility for strategy, underwriting …