PURE Group of Insurance Companie News

Tokio Marine Eyed PURE for Years. Yankees-Red Sox Finally Brought Them Together.

PURE Group, the high-net-worth insurer set to be acquired by Tokio Marine Holdings Inc., had been on the Japanese company’s radar for more than a decade. After PURE was created in 2006, Tokio Marine tried to set up a meeting …

A.M. Best Upgrades Ratings of PURE Group

A.M. Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” for both members of the PURE Group of Insurance Companies (PURE). The members, both domiciled …

PURE Insurance Expands Southeast Regional Hub in South Carolina

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 …

PURE Introduces Domestic Staff Workers’ Comp Coverage for Florida Members

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has introduced Domestic Workers’ Compensation Insurance for members residing in Florida. The coverage provides protection for trusted and valued domestic employees. “The …

High-Net Worth Insurer PURE Group Recapitalizes with Stone Point Capital, KKR

Privilege Underwriters Inc., the holding company for the PURE Group of Insurance Companies, including the member-owned Privilege Underwriters Reciprocal Exchange (PURE), said it is recapitalizing with equity investments from funds managed by private equity firm Stone Point Capital, investment firm …