High Net Worth (HNW)
Vizion names Russell Sessions MD as John Sims steps up to chair
Russell Sessions has been appointed managing director at broker Vizion, succeeding John Sims.
Aviva posts 13% GWP hike in Q1
Aviva grew general insurance premiums in the UK by 13% in the first quarter of 2023 as its combined operating ratio also improved.
Ecclesiastical flags second home crimes hitting HNW sector
One in five (22%) crimes experienced by high-net-worth clients happened at their second home or holiday home during the past 12 months, according to research by Ecclesiastical as it released new guidance to help brokers speak to clients about how to best protect themselves and their households.
Middle hails organic growth at Ageas in long-term broker personal lines strategy
“We are growing organically in the continuing personal lines business. The go forward business,” Ant Middle, Ageas UK CEO has told Insurance Age.
Profile: A new lens – and an eye for opportunity
With a laser-like focus on growth, Zurich retail boss David Nichols is keen to bring a new lens to the insurer’s offering and deliver for brokers.
Biba seeking new HNW schemes provider due to Home & Legacy closure
The British Insurance Brokers’ Association is searching for a new high-net-worth schemes provider, and will be ‘seeking tenders from alternative providers’ in light of Allianz planning to put Home & Legacy into run-off.
Allianz to close Home & Legacy
Allianz is to put mid and high net worth specialist Home & Legacy into run-off, Insurance Age can reveal.
AIG’s HNW MGA tie-up with Stone Point set to start trading in Q3
AIG has finalised its agreement with private equity firm Stone Point Capital to create managing general agent Private Client Select Insurance Services with an expected start date for trading of the third quarter 2023, the insurer has confirmed.
Ardonagh buys Stanhope Cooper and Renovation Underwriting
Ardonagh Advisory has signed up to buy a majority shareholding in high-net-worth broker Stanhope Cooper and MGA Renovation Underwriting.
Education and client conversations key to reducing underinsurance in the HNW space
The high-net-worth sector is playing catch up in making sure clients are not underinsured as a result of the Covid-19 pandemic pause on site visits – and policyholders are having building work done on their properties and possessions accruing more value.
Aviva still weighing up Lloyd's re-entry as part of GCS strategy
A Lloyd’s market re-entry is still under consideration by Aviva, according to its CEO of UK & Ireland general insurance, Adam Winslow.
In Depth: High net worth – is prestige motor starting to lose its appeal?
Despite Covéa's recent withdrawal from the executive motor space, Martin Friel discovers there is still interest in insuring HNW wheels.
In Depth: High net worth – are MGAs wrestling market share away from insurers?
Ever a competitive market, the high-net-worth sector continues to attract interest from both insurers and MGAs. Martin Friel asks if both models can co-exist, or if one is better suited to servicing these clients than the other.
Ecclesiastical urges brokers to help HNW clients protect their home offices
Ecclesiastical has warned that with rising inflation and the cost of living crisis, wealthy individuals and their home offices are prime targets for criminals, and has urged brokers to speak with clients about how best to protect themselves.
Ardonagh Advisory announces first new deal of 2023 with Pace Ward buy
Ardonagh Advisory has announced its first new deal of the year with the purchase of Stoke-on-Trent based broker Pace Ward and revealed it has an “impressive pipeline of M&A”.
Castleacre buys private client insurance broker Merritt
Castleacre has bought Merritt Insurance Services for an undisclosed sum.
Hagerty launches private client service
Hagerty, a car insurance provider, has launched its private client service, which can be sold through brokers who have customers with a vehicle, or vehicles, worth £250,000 or more.
Aviva’s Winslow insists ‘we can do more’ to return broker service to pre-2019 levels
With rates continuing to rise, Adam Winslow, CEO of Aviva UK & Ireland general insurance has stressed that it can do more when helping brokers through the challenging market.
Hiscox “on the front foot” with brokers, says CEO Aki Hussain
Group CEO of Hiscox, Aki Hussain, has forecast further UK commercial growth, and a return to expansion in personal lines at the insurer in 2023.
Gallagher wins Knight Frank Finance account from Howden and Uinsure
Gallagher has won the contract to provide clients of mortgage and insurance advisory specialist Knight Frank Finance with insurance products.
Covéa exits HNW motor line
Covéa is no longer writing business in the executive motor space for high net worth, Insurance Age can reveal.
AIG strikes MGA deal to drive expansion in high-net-worth markets
AIG has not ruled out UK and European markets following a deal with private equity-focused reinsurer Stone Point Capital to create a new managing general agency for HNW markets.
Broking Success: Prospering with a positive mindset
CEO Daniel Lloyd-John tells Insurance Age about the journey of Broadway Insurance Brokers, a 2020 start-up success story despite launching during Covid lockdown.
Start-up broker Prosura targets £10m GWP in five years
Jon Newall’s start-up broker, Prosura, is targeting £10m of gross written premium within five years.