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 ...
high-net-worth News
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 ...
Ex-AIG Execs Kick Off New High-Net-Worth Insurer Vault in Fla.
It was a no-brainer for former thought-leaders from AIG to set up shop for their new high-net-worth insurer in the Sunshine State, known for beautiful beaches, a growing economy and lots of wealthy ...
Allied World ‘Vaults’ Into High-Net-Worth Market
Allied World Assurance Company Holdings, GmbH and Hudson Structured Capital Management Ltd. announced their investment in Vault, a new venture that caters to the high-net-worth personal insurance ...
Many High-Net-Worth Individuals Worry They Are Underinsured: 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 ...