High Net Worth (HNW)
TH March switches to employee ownership trust
TH March, a jewellery and allied trades specialist broker, is transitioning to an employee ownership trust, in a strategic move it said secures the company’s long-term independence.
Ecclesiastical delivers major COR improvement with sub 80% in UK and Ireland
Ecclesiastical Insurance improved its combined operating significantly in the UK and Ireland last year as underwriting profits more than doubled.
Zurich targets £250m of GWP after extending relationship with MGA
Zurich UK has extended its capacity agreement with Plum Underwriting for a further five years, with ambitions to reach £250m GWP over the term.
Hiscox UK reports best growth since 2018 on back of “reinvigorated” distribution strategy
Hiscox has recorded its strongest growth in its UK retail business since in 2018 as the group reported a record pre-tax profit of $685.4m (£540.6m) in its 2024 full year results on written premiums of $4.77bn.
Zurich UK boosts operating profits as GWP rises and COR improves
Zurich UK improved its combined operating ratio in property and casualty business to 91.7% last year from 93.8% in 2023.
ZPC extends high net worth wordings and reaffirms growth appetite
Kevin Morton, head of Zurich Private Clients, has committed to brokers that the business is in the high net worth market for the long-term as he unveiled a raft of policy enhancements in motor and home wordings.
Hiscox HNW head Holmes exiting for new broker role
Nicola Holmes, the head of broker in Hiscox’s art and private clients division, is to depart the business to pursue a new opportunity at an as yet unnamed intermediary, Insurance Age can reveal.
Partners& in triple swoop
Partners& has added another two brokers and a managing general agent to its stable, Insurance Age can reveal.
JMG in quadruple deal swoop
JMG has snapped up four brokers, adding additional expertise in high-net-worth, commercial, motor trade, technical and specialist consultancy services to the Yorkshire-headquartered group, Insurance Age can reveal.
Broadway looks to expand into two new regions following Liverpool opening
Daniel Lloyd-John, CEO of Broadway Insurance Partners, has revealed the broker is planning to expand into Lancashire and Staffordshire next year, after the broker opened an office in Liverpool.
Video Q&A: Hiscox head of private art and private clients Robert Read
Following the High Net Worth Forum, which was held on the 7th November in London, Insurance Age content director Jonathan Swift caught up with sponsor Hiscox’s head of art and private clients Robert Read, to discuss the state of the market.
Loss adjusters call on brokers to educate HNW clients on valuations
A panel of loss adjusters at Insurance Age’s High Net Worth Forum today noted brokers should educate clients about the frequency of valuations and be hand holders during tough conversations.
Broker deals help push Hiscox to 4.5% UK growth
Hiscox has revealed 4.5% growth in written premiums to £504.2m for the first nine months of 2024 as it topped over half a million customers.
High Net Worth – is it really high noon for MGAs in upmarket personal property?
With Munich Re (GrovesJohnWestrup) and Allianz (Home & Legacy) putting mid- and high-net-worth MGAs into run-off in the last 18 months, is this distribution model failing to connect with these customers? Ed Murray explores these developments and others…
Broker HNW clients less concerned about underinsurance than a year ago
More than a third (35%) of wealthy individuals admit they can’t remember the last time they had their art and collections valued, offering brokers a great opportunity to talk to their high net worth customers.
CUO hails deals as proof of improved broker sentiment towards Hiscox
Hiscox’s “momentum” with UK brokers has been further underlined by six new distributions deals signed in the first half of 2024.
Underinsurance concerns mount as HNW clients cut cover – Ecclesiastical
Follow-up research among brokers by Ecclesiastical has pinpointed growing worries of high-net-worth underinsurance with a quarter of clients having reduced cover during the past year.
Munich Re MGA put into run-off
Munich Re has put GrovesJohnWestrup, its high-net-worth managing general agent, into run-off.
Bspoke ramps up in HNW with multiple ex-H&L appointments
The Bspoke Group has appointed Adrian Ewington as managing director of Bspoke Private Clients, its mid and high net worth specialist managing general agent.
Partners& signs first international HNW partnership
Partners& has teamed up with Smith Brothers Insurance for its first transatlantic partnership in the international private client market.
Blog: Is tech really the solution for underinsurance?
As we move into an even more digital world, with some insurance quotes and policies being completed strictly online, which would better help address underinsurance: re-introducing human contact or using even more new tech? Rosie Simms weighs up the…