HNW property premiums grow 2.2%
Castleacre publishes its annual high net worth property index and reveals some clients are “paying over the odds”.
Premiums for high net worth properties (HNW) grew 2.2% in 2014 according to the HNW property index published by broker Castleacre.
Castleacre director Hugo Johnsen said that by and large rates were unchanged. However he pointed out: "Insurers also link premium to inflation and there seems to be a variety of figures used here.
"According to government figures inflation fell from 1.9 to 0.5% from January to December 2014 but insurers are using guidance figures of between 3% and 6%. This can mean
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