High-Net Worth News

NFP Acquires Toronto-Based EdgeHill Insurance Brokers

NFP, a New York-based insurance broker and consultant, announced the acquisition of EdgeHill Insurance Brokers Ltd., in a transaction that closed on Dec. 16, 2020. Financial details of the acquisition were not disclosed. EdgeHill, a P/C brokerage firm based in …

Brit Enters High Net Worth Market with Launch of Private Client Offering

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 …

Young Brokerage Founder Seeks to Target ‘Underserved’ High Net Worth Space

As a self-taught app developer, when Hayden Kopser sees a problem, he seeks to build a solution. So, when he observed during his time working at AIG that some brokerages weren’t adequately servicing high net worth accounts, he saw an …

Berkley One Launches Flood Product in New Jersey; Expands Coverage in Vermont, Mass.

Berkley One (a Berkley Company), a startup insurance provider high net worth individuals and families, has introduced a new excess flood product, as well as broader geographical capabilities with a launch in Vermont and deepening capabilities in existing states with …

Why Carrier Expertise is Essential for Your HNW Clients

This post is part of a series sponsored by Cincinnati Insurance Company. When asked how to determine the needs of a high net worth client, we describe their coverage requirements as complex. The question is, how does an agent identify …

The PURE Group Expands Excess & Surplus Lines Offering Into California

The PURE Group has expanded its excess & surplus (E&S) high net worth offering, PURE Programs, into California. The coverage is tailored to high value, high-risk homes with broader coverage than is typically found in the high net worth E&S …

Modest Mouse Singer Sued in Oregon over 2016 Traffic Accident

The lead singer of the alternative rock band Modest Mouse is being sued in a Portland, Ore. court for nearly $1 million over a traffic accident last year. Isaac Brock was cited after the Aug. 3, 2016, accident for crashing …

Insurers Had Crews Working in Heart of California Wildfires to Prevent Loss

“It was all hands on deck.” That apt description of the reaction to the deadly outbreak of wildfires that ravaged California in October was from Stephen Poux, global head of risk management and loss prevention for AIG’s private client group. …

UK MGA Plum Launches High Net Worth Home Cyber Cover

Plum Underwriting, the London-based specialist home insurance managing general agent, announced the launch of cyber and data risks cover embedded within high net worth (HNW) and mid net worth (MNW) home insurance products in the UK. Plum’s Home Cyber covers …

High-Net-Worth Individuals Concerned About Underinsurance: Chubb

More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by Chubb. Despite this concern, out of 500 HNWIs surveyed …