American International Group today announced that it has finalized its agreement with funds managed by Stone Point Capital LLC to form Private Client Select Insurance Services, an independent Managing General Agency to serve High Net Worth and Ultra High Net Worth markets.
Tag: private client services
Morgan Stanley Launches P&C Insurance for High Net Worth Clients
Morgan Stanley today announced that it has teamed up with industry-leading insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson to offer Property & Casualty (P&C) insurance. P&C insurance will be available for Morgan Stanley’s high net worth clients and their families to mitigate potential risks associated with property loss and general… Continue reading Morgan Stanley Launches P&C Insurance for High Net Worth Clients
AIG Announces New Private Client Group President and CEO
American International Group (AIG) has announced the appointment of Kathleen Zortman as president and CEO of Private Client Group, General Insurance. Zortman will be based in New York and will report to Peter Zaffino, CEO of AIG General Insurance and global chief operating officer. She will also serve as a member of the general insurance… Continue reading AIG Announces New Private Client Group President and CEO
PURE Insurance Named Best Insurance Underwriter by the Family Wealth Report for the Fourth Consecutive Year
The PURE Group of Insurance Companies, which includes Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, was named Best Insurance Underwriter by the Family Wealth Report Awards for the fourth consecutive year. Showcasing top firms and professionals operating in private banking, wealth management, insurance… Continue reading PURE Insurance Named Best Insurance Underwriter by the Family Wealth Report for the Fourth Consecutive Year
PE-Backed EPIC Buys Insurance Broker Integro
EPIC Holdings, Inc. today announced an agreement to acquire Integro Holdings Inc., which houses substantially all of the U.S. operations of Integro Group Holdings, LP. Founded in 2005, Integro has built a highly successful specialty insurance brokerage and consulting business in the U.S. with revenue in excess of $150 million. Financial terms of the proposed… Continue reading PE-Backed EPIC Buys Insurance Broker Integro
Melinda Meissner Barham Joins Alliant Amid Private Client Growth Strategy
Melinda Meissner Barham, one of South Florida’s top private client experts, has joined Alliant as Senior Vice President. The longtime private client growth leader will provide customized insurance and consulting solutions to high-net-worth individuals throughout the Southeast. Barham will also play a prominent business development role, facilitating Alliant’s continued growth within this key strategic region.… Continue reading Melinda Meissner Barham Joins Alliant Amid Private Client Growth Strategy
CA Gov Brown Signs Wildfire Safety Bill Blasted as PG&E Bailout
Gov. Jerry Brown on Friday signed sweeping legislation designed to remedy California’s past, present and future wildfire ailments, brushing aside criticism that it is a bailout for PG&E, which faces a troubling mountain of liabilities linked to infernos that torched Wine Country and other regions nearly a year ago. “Wildfires in California aren’t going away,… Continue reading CA Gov Brown Signs Wildfire Safety Bill Blasted as PG&E Bailout
Home Price Appreciation in Highest-Risk Natural Hazard Cities 1.7 Times the Overall Market Rate Over Last Decade
ATTOM Data Solutions, curator of the nation’s premier property database, today released its 2018 U.S. Natural Hazard Housing Risk Index, which found that median home prices in cities with the top 80th percentile for natural hazard housing risk have appreciated 40 percent on average over the last 10 years — 1.7 times the 24 percent… Continue reading Home Price Appreciation in Highest-Risk Natural Hazard Cities 1.7 Times the Overall Market Rate Over Last Decade
Fewer Households in Hurricane Florence’s Path Have Flood Insurance than in 2013
Fewer homeowners in North and South Carolina own flood insurance than five years ago, signaling many won’t have access to ready cash if they need to rebuild after Hurricane Florence. Standard homeowners’ insurance policies typically cover damage from fire and other storm-related events. But they exclude storm surge and other flooding damage—and wind damage, in… Continue reading Fewer Households in Hurricane Florence’s Path Have Flood Insurance than in 2013