high-net-worth News
Wildfire Losses Cut Chubb Q1 Net Income 38%; Tariffs Create ‘Confusion’
First quarter 2025 net income at Chubb fell nearly 38 percent to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a ...
California Wildfires Could Spark Insurance Moratoriums, Other Challenges
As wildfires continue to wreak havoc across California, experts say one part of the recovery process that is proving particularly challenging for high-net-worth ...
AIG, Stone Point Finalize Deal to Start MGA for High-Net-Worth Business
American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client Select (PCS) Insurance ...
AIG Moving Private Client Group High Net Worth Biz to Independent MGA
Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of ...
To A.M. Best, PURE Group Rates an A+
PURE Group, an insurer focused on the high-net-worth market, has seen it's AM Best financial strength rating upgraded to A+. The Superior rating is a change from its previous financial strength ...
Small Business Market Opportunity Seen Among High-Net-Worth Families
The small business sector is widely acknowledged to be an important part of the commercial insurance market. However, this business segment's relationship to the high-net-worth market for personal ...
A Red Sox/Yankees Game Helped Bring Tokio Marine and PURE Group 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 ...
High-Net-Worth Insurer Vault Expands Into Three New States
High-net-worth insurer Vault has expanded into three new states. First launched in 2017, Vault has now obtained approvals to underwrite in Connecticut, New Jersey and Pennsylvania. This adds to ...