High Net Worth (HNW)
Interview: Kevin Morton, Zurich Private Clients
Kevin Morton, head of Zurich Private Clients, scrutinises the issues that affected the high net worth market in 2023 and shares what is coming next from the specialist provider in 2024.
Ardonagh kicks off 2024 with HNW deal
Ardonagh Advisory has bought private clients specialist distribution business Hoxton Risk Services in its first deal of the year, Insurance Age can reveal.
SRIS introduces private client offering
Specialist Risk Insurance Solutions has launched Specialist Risk Private Clients, bringing together an experienced team, according to a post on LinkedIn.
Jacqui Kelly on pushing forward with brokers at Zurich
Zurich will be deepening its relationships with brokers and building new partnerships in 2024 as it targets growth across SME, mid-market and high-net-worth business, head of sales and distribution Jacqui Kelly has committed.
Ecclesiastical calls on brokers to speak to HNW clients on underinsurance
Three out of five (62%) high net worth collectors are worried that their collections and art are underinsured, according to insurer Ecclesiastical.
HNW market seeking more guidance, says Ecclesiastical
Some 67% of high-net-worth collectors want more art and collections risk guidance from their insurer or insurance broker, which presents an opportunity for brokers, according to research by Ecclesiastical.
Jensten makes first move outside UK as it snaps up Berns Brett
Berns Brett has been purchased by Jensten in a run of deals for growth in regions and specialisms by the Livingbridge-backed consolidator.
Opinion: How sustainable partnerships are the key to navigating a changing HNW market
Kevin Morton, head of Zurich Private Clients, tackles the challenges brokers face with reduced capacity and appetite in the high-net-worth market arguing insurers with stable and sustainable propositions will ultimately win out.
Ex Chubb, Axa XL and Aviva HNW boss Simon Mobey on moving into broking
Simon Mobey spent 38 years working for insurers. Having jumped the fence to be executive director of Dover Street Insurance Brokers, and set up its office in Manchester, he tells Insurance Age about his excitement for the job and the plans to double the…
Broker Expo 2023: Influencers warned about what they post on social media
Social media influencers are putting themselves at risk by posting about high value possessions when they are out of the house.
Partners& takes on Hall Insurance Services
Partners& has expanded in the South East with London-based Hall Insurance Services.
Ecclesiastical UK & Ireland COR balloons to 106.6%
Ecclesiastical Insurance’s combined operating ratio in the UK and Ireland shot up to 106.6% in the first half of 2023 from 94.5% in the same period of 2022.
Brokers “front and centre” for Hiscox, says Dye on one-year anniversary
Celebrating his first year as UK CEO of Hiscox, Jon Dye tells Insurance Age about the central role of brokers in the insurer’s growth strategy across its new operating model in high net worth, beefed up regional structure and schemes ambitions.
Aviva boosts UK SME and HNW proposition with £460m AIG Life swoop
Aviva has bought AIG Life from Corebridge Financial, a quoted subsidiary of American International Group, for £460m.
Ardonagh completes deal for HNW broker and MGA
Ardonagh Advisory has completed its deal to acquire high net worth broker Stanhope Cooper, and MGA Renovation Underwriting, following an earlier agreement to acquire a majority shareholding in the businesses.
My Perfect Broker Week: Aon’s Alexa Owen
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Alexa Owen, head of private clients at Aon shares her thoughts.
Hiscox grows UK commercial book as retail division COR improves
Hiscox has reported 4% growth in the UK for the first half of 2023.
Gallagher's organic growth hits 11%
Gallagher has posted 11% organic growth for the second quarter of 2023 in its UK & Ireland retail division.
Aviva buys Barclays’ home insurance book
Aviva has signed up to buy Barclays UK’s 350,000 strong home insurance portfolio.
Zurich exits regional and national broker personal lines channels
Zurich UK has today announced plans to refocus its personal lines home and motor business to concentrate on high net worth through Zurich Private Clients, alongside its MGA and partnership channels.
Meeting the challenge of avoiding underinsurance in HNW properties
Amid inflation and irregular surveying, high-net-worth buildings are potentially more at risk of underinsurance than ever before. Helena Evans, managing director at Criterion Adjusters, outlines how brokers can help clients to reduce this risk.
In Depth: Legal expenses cover… needed more than ever?
Clients may want brokers to advise on how to reduce premiums, but this is the one add-on to hang onto according to providers as Rachel Gordon discovers.
Interview: Andrew Cunis, Gallagher – Growing for gold
Andrew Cunis, managing director of private clients at Gallagher, shares how the offering has grown to £100m of gross written premium, and the firm's goal of 10% year-on-year organic growth.
Tech entrepreneur launches kit to combat HNW fraud and underinsurance
Tech entrepreneur Jonathan Garnett has gone live with a system to help insurance firms combat fraud and underinsurance in high-net-worth assets.